Trading idea for Deere & Company (NYSE)
Deere & Company (NYSE)
#DE
The trend is upward. A downward truncated wave pattern has concluded with a breakout of the trend channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition. The stock is trading within the range defined by the 365 EMA and 135 EMA.
Trading Idea:
Buy upon the formation of an upward wave pattern.
Stop Loss – 624.00.
Target Levels – 657.50; 684.00.
