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DuPont de Nemours Inc., Technical Analysis

8/2/2022 11:49 AM

The shares of DuPont de Nemours Inc., an American chemical company, are on a corrective downtrend at 60.00.

On the asset's daily chart, the price falls within a wide channel with dynamic boundaries of 60.00–50.00, trying to consolidate above the resistance line at 60.00.

On the four-hour chart, the current upward impulse has a high probability of exiting the channel since the price gap level of June 15 at 59.00 has already been broken, which serves as an additional signal for continued growth.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO oscillator histogram forms upward bars in the buying zone.

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