Trading idea for Harley-Davidson Inc. (NYSE)

Harley-Davidson Inc. (NYSE)

#HOG

The trend is upward. The stock is trading between the 365 EMA and the 135 EMA. A truncated bearish wave pattern has concluded with a breakout of the trend channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy on a breakout above 25.60.

Stop Loss: 25.12.

Target levels: 26.12; 26.90.