Trading idea for Deere & Company (NYSE)

18.06.2021

Technical reviews

#DE
The overall trend is upward. The price pivot zone of 321.56 holds back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.


Trading idea:
Buy when an ascending wave pattern is formed, which is completed the descending pattern by breaking through the inclined channel.
Stop loss under the local minimum of the descending pattern.
Target levels: 369.18; 386.40; 400.00.

Author: GC
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