DD Dupont Daily Chart

DD Dupont chart price has came back up for a look at the February highs. The weekly and daily charts are set up for negative divergence but not until price posts a higher high than February; the 56-58 area. On this daily chart, however, negative divergence was triggered in February across the board so the indcators do not need price to come up any higher, this level right now would serve high enough for price to roll back over to the downside. Interestingly, a gap was left behind in February at the 55.5 area, green circle, and now price has satisfied that loose end by filling the gap. Lots of gaps to fill on the down side.

Last two price candlesticks are a hammer and a doji saying to stay on guard for a reversal. DD responds well technically showing the negative divergence in February to forecast the spank down, then the falling wedge, blue lines, which typically lead into a bounce. Note how the blue lines for all indicators were weaker with price, this is bearish, the money flow turned up to give a smidge of positive divergence that did push price back up from 51.5 in March.

The last couple weeks show a two-leg bull flag pattern playing out into todays price level. Price is topping, either down from here right now or, up to 56-58, then down; sideways to sideways down moving forward into summer time. A price collapse thru the 50 day MA, now at 53 moving up to 54, will usher in extended bearish pricing. Chemicals and plastics behavior helps project future global growth, or lack thereof. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.