Potential Buy Alert
DOW – Downer Limited
Stock : DOW – Downer Limited
Current Price : 6.42
Status : On watch for higher low
DOW is showing some strong price action which may push price up through recent 7.18 highs. We are now watching for a push up through 6.46 and then a higher low to build for the buy entry setup. We want to see the higher low as evidence of buyers stepping up as price still has some work to do before a buy entry. If we do not see a push through 6.46 and a push lower below 6.10, then we may see a deep correction towards 5.20.