2OY trade ideas
DOW - Downtrend is done!! TRIGGER is required for any arrows on the chart. Please read below:
Having broken up the downtrend channel and a nice pullback, NYSE:DOW is now trading in an upward channel. However, $62 zone is counted as an important resistance on the road to higher targets. Looking close to the chart, we can see a great upward pin bar on the bottom of the upward channel, which shows that sellers did not have enough power to decrease the price more than this. For getting a trigger to buy, I personally look forward to seeing a break of $62, and a pullback to it (in H1 time frame). If the scenario happens, we can enter with the stop loss of $59 and the following targets:
$71 zone, till the mid of July, 2022
$82 zone, if the price reaches $71 zone, sooner than the mid of July, 2022.
DOW long DuPont spinoff with 4.57% div yld and blended P/E of 7 versus normal of 18. With 28% forecasted drop in EPS into 2022, this would still give about a 118 target based on the normal P/E. This would be a 96ish target based on a P/E of about 15.
Slow growth, but it makes sense as an income play.
PT $67
DOW Inc. Going Long For the first Quarter Dow Inc. set for a Bullish run for the first quarter . With the price now Retesting the Daily B.O.S @ the highlight level . It should push up from our entry to the Daily M.S ( Higher low) than Retest to ( Lower High) before another Bullish movement to the 65.00 level which is also a valid level . Going long for the first quarter on Dow Inc. , Us30 and the S&P 500 as all are showing a Bullish movement with the Technical Analysis
Dow Inc Showing Classic Wyckoff DistributionAmazing example on Dow Inc. of a Trading Range following Wyckoff Distribution Schematic #2.
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What is a Trading Range?
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In an trading range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply or Demand of the asset before starting a major campaign.
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What is Wyckoff Method?
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"One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists.
In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ."
Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure.
In a Distribution Trading Range two of the key characteristics are the UTAD (Upwards Thrust & Distribution) above the Trading Range, and the SoW's Signs Of Weakness's with strong volume at the bottom end of the range.
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Further Reading
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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com
For Distribution Schematic #2 for comparison:
school.stockcharts.com
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DJI not in a good shape currentlyThis is just my analysis and should be considered only for Study purpose and not as a recommendation as i am not responsible for your losses or get a share from your profits...
This is a simple price action study... looking at the chart i feel the Dow is ripe for a bit of a correction...
I feel we could stay away for a while and let the market play its card and do what it has to do...
Be fearful when everyone's greedy - you'll know what i mean....
$DOW - Strong Company at Key SupportFairly simple trade again this time round! DOW had an unwarranted drop from the top of it's channel on seemingly no news, and had a healthy bounce at the bottom. This enough wasn't really enough for a trade, as we kept running into resistance around 63.80. Now that we're over it, I'm comfortable loading a position.
I'll be playing 65Cs and 67.5Cs expiring 8/20, though flat out shares are also valid for this play! This is a solid company with strong fundamentals, so even if this play takes longer than expected to pan out, we're still holding a great company which will recover.
All that being said, make sure you don't confuse this ticker for DIA! It's fairly easy to get them mixed up, haha. Godspeed traders.
