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Fan Yang

Dupont (DD) at a Pivot for Bulls

Dupont (DD) has been in a pretty persistent uptrend since the beginning of 2016, after a choppy and corrective 2015. Price remains bullish in 2017 but we have recently seen a retreat 

Dupont (DD) Daily Chart

(click to enlarge)

Support Pivot:
- As we can see on the daliy chart, the bearish correction has brought price back to a previous support pivot at 80.15.
- With the RSI also around 40, where it should turn up if the prevailing bullish momentum were maintained, we might want to anticiapte some buying here around and above 80.00.
- Below 80, 77-78 area involves another key pivot. Below 77, I would say DD is bearish. But for now, I think DD is bullish and at a key support pivot. 

Dupont (DD)

(click to enlarge)