Reader Request: Dow Chemical

By | December 7, 2014

The Dow Chemical (DOW) daily chart shows the stock filling a gap in the Friday session and then reversing and closing near the low of the day, forming a bearish gravestone doji candle. Last month the 50 day moving average made a “death” cross below the 200 day average. The stock needs to close in upper candle range above the $51.00 level to negate the bearish doji and establish the 200 day average as support.

37. DOW weekly chart

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