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DUPONT – prognosis via Dow theory

DUPONT – prognosis via Dow theory



Weekly chart:



In the big picture we see a very young uptrend with a correction zone between $33.62 and $28.83. The price is currently pushing off upwards from out of this correction zone. A continuation of the trend is more than likely.


Chart1


Daily chart:



A young uptrend was also able to establish itself in the daily chart. After its last high at $34.81, the price corrected into the last correction zone, found enough buyers there and is now attempting a new upward movement. With a stop beneath the green correction zone, one can speculate on a trend continuation.


Chart2


Hourly chart:



The hourly chart is providing us with a signal for entry, especially since we can detect a very young trend here, too. The last movement was very heavily corrected, so much so that the price ran back down to the last point two. From there, the price is now pushing off upward and is showing clear tendencies toward a trend continuation.


Chart3


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!



All the best



Markus Gabel



Trader asset management



BORN STAHLBERG & Partner


AgenaTrader Trading Software


IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Wednesday, 17 Feb, 2016 / 9:04

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