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DOW CHEMICAL CO
(DOW-NYSE):
Technical Viewpoint: From a high
of $110.69 on Apr 22, 1999 prices
declined, reaching a
low of $138.00
on May 10, 1999. A
rally saw prices pull back, reaching a
high of
$119 3/4 on May 28, 1999.
Another decline saw prices penetrate
support, closing 6/14/99
at $127 1/2. Technicals: Momentum Index (MTM): A Sell Alert!
was given on Jun 4, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $120.00. Resistance: Is at $129.00.
Point & Figure: Reversed to the downside on Jun 14, 1999. A P&F downside
reversal takes place at $125.00. Summary: Technical indicators have turned bearish. SELL! DOW CHEMICAL CO
(DOW-NYSE) @ $128 5/8 Stop: Use a protective stop of $125 3/4.
DOW CHEMICAL CO is currently trading @ $127 1/2 minus $4.50 on Jun 14, 1999. Price Objective:
$144.00. Risk/Reward: $2 7/8 VS. $15 3/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$144.00
Risk/Reward:
$2 7/8 VS. $15 3/8
Risk/Reward Ratio:
5:1
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