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Trading chances via Dow Theory

Applied Materials:

In this value we see a very young downtrend, with the last low at $14.25 and a correction zone between $22.29 and $25.64 on the upper side. The price has a considerably large correction behind it, but was unable to reach the red correction zone. This is a very difficult situation, because in situations like these, divergences threaten on the lower side and a trend continuation is not likely. Therefore, be cautious with short trades.



A significantly better situation is to be found in the Viacom share. The downtrend is very young and the current price is within its red correction zone. Our DowHow signal has occurred and we are able to make a short trade. The target should be placed at the last low at around $30.11, and the necessary stop should lie slightly above the red correction zone.


Abbvie Inc.:

Abbvie is a pharmaceutical company that concentrates on sectors with high medical requirements. Unfortunately, the price is in a young downtrend, and here it is within in its correction zone. The red zone runs from $53.87 up to $64.30, and since November of last year, our DowHow signals have occurred. After some attempts to continue the trend, the price corrected deeper into its correction zone and our DowHow signals occurred again. In this case, we are able to make a short trade with our target at the last low at $45.45, and our stop above the red zone.


Allegheny Technologies:

Allegheny is a US company specialized in metal production. The price dropped down to its current low at $7.09, but was able to recover into the red correction zone. If we look at the chart, we can appear to see a big resistance at around $18. The price ricocheted off and tried to continue the trend several times there. At this point in time, our DowHow signals have occurred again and we can think about a short trade. Here, our target should be located at the low at $7.08, and the stop should be placed above the red zone.


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


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.

Monday, 02 May, 2016 / 9:39

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