Yesterday I also added $DOW (+5,12%) to my Blue Chip Fibonacci Portfolio.
The price is currently below the 50% Fibonacci retracement level, perfect for opening a long position.
I find Dow particularly interesting as a materials and specialty chemicals company. Its products are used across a wide range of industries, including packaging, construction, infrastructure, consumer goods, and manufacturing. As a result, Dow is closely tied to global economic activity and can benefit from stronger industrial demand over time.
The stock also offers an attractive dividend yield, which provides an additional layer of potential return while waiting for the investment thesis to develop. Of course, the chemicals sector is cyclical, but that cyclicality can also create opportunities when quality companies trade at discounted valuations.
I'm looking forward to seeing how this position performs over the coming months and years.
The market will determine the outcome. My job is to stay disciplined, manage risk, and follow the strategy.
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