Dow Inc – DOW – Wait to step in
Left chart – daily chart / 1 year
• Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02
• Resistance from 76.4% Fibonacci Retracement at USD 56.64
• Support from the price gap formed mid-November 2022 at USD 50.02/50.90
• It looks like that the MACD-Line is crossing the Signal line from the top to the bottom
• If there is another negative day, the share price will cross the 100-day MA
Right chart – weekly chart / since inception
• Resistance from the price gap formed June 2022 at USD 60.58/61.86
• Resistance from the 100-week MA
This doesn’t look like an entry point. The stock is trading between the price gaps from the short-term chart (left chart). The financial are coming out in 2 days. I would wait to invest and see an entry point at around USD 50.00
• Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02
• Resistance from 76.4% Fibonacci Retracement at USD 56.64
• Support from the price gap formed mid-November 2022 at USD 50.02/50.90
• It looks like that the MACD-Line is crossing the Signal line from the top to the bottom
• If there is another negative day, the share price will cross the 100-day MA
Right chart – weekly chart / since inception
• Resistance from the price gap formed June 2022 at USD 60.58/61.86
• Resistance from the 100-week MA
This doesn’t look like an entry point. The stock is trading between the price gaps from the short-term chart (left chart). The financial are coming out in 2 days. I would wait to invest and see an entry point at around USD 50.00
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