0A6B trade ideas
BUY The DUPONT DE NEMOURS Plan DailyHey my friends, DUPONT DE NEMOURS is on a bullish support slant, continuing a surge in buyers. Possibility to go in the direction of the last precedent above, see a little above due to the cross candle to find yourself in the decision area and set a price down.
Please LIKE & FOLLOW, thank you!
Dupoint has broken the C&HDD has formed a Cup and Handle pattern and broken it recently..
Disclaimer: This is not an advice to buy or sell!!
Chemical Ind. siren song: Nasdaq 100 v. DD, LYB, EMN, ALB, HUNThese large Chemical Industry companies have also been singing their siren song for over a year (at least from the beginning of 2018), as they did prior to 2015, and in early 2007: Nasdaq 100 vs. DD, LYB, EMN, ALB, HUN
Du Pont, new bearish correctionAn upward trend, which used to be a prevailing one is close to a revearsal. To prove this idea we use Chaikin Oscillator. It proves that the tendency is one step from a turn. The previous pick on the oscillator graph compared with the curent one used to be higher while the previous pick on the main graph is lower at the same time. Moreover, the fall of two recent days is connected with the resistance line, which had been reached. I suppose that it is an alert for short trading. The price has a fall potential of 2,5%. However, we should take into consideration the fact that tomorrow the company is going to publish its financials. If we face positive figures, than the stocks might rise. I believe if an upward trend appeares, it won't continue for a long period if time. Afterward we will see a downstream.
DD analysis Elliott Wave, along with company analysisDD has recently broken out, and seems to be in the process of it's own 3rd wave movement upwards. According to GuruFocus, the latest major guru trades have been buys with no sells. So the stock likely has some further upside potential thanks to the large shareholdings by certain major investors other than insiders. This would give further credence to the notion that the stock is currently going through a brand new 3rd wave of it's own, which when compared to the greater Elliott Wave analysis, would put this as another large 3rd wave after the first 1-2-3-4-5 and A-B-C completed their own 2 waves. The company is also completing a merger with Dow Chemicals, forming a new company DowDuPont. However, there is uncertainty about the potential of this merger as there are anti-trust issues, and economic questions in regards to the profitability of this new company. (source: Wikipedia) The stock could possibly climb through another 3rd wave, and then a 4th wave down before completing a 5th wave peak within the future.
It will be a goal to find a possible entry for this trade, initially as a day trade for the current breakout, and then later it may turn into an intra-day swing trade by locking in some profits, and letting the rest of the shares ride with potential for pyramiding later on with larger timeframes.
