ThetaGator

DOW breaking out of it's downtrend?

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BATS:DOW   Dow Inc.
DOW Inc. had been downtrending for quite some time (since it made a double-top peak in April of '22). But, I'm seeing signs of life. On the monthly timeframe, it's squeezing with rising momentum. On the weekly timeframe, the squeeze fired 2 bars ago and, there's a Daily squeeze primed to fire long. Combine that with the fact that it just formed a nice cup & handle as it broke through the downtrend line and I think the squeeze could provide enough juice for a run up to that resistance just in time for earnings.
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