DEEC34 trade ideas
DE Deere & CompanyThis stock broke through a key support and currently making lower highs. At moment the stock is trading below 50 moving average and has a breakdown from a descending triangle pattern, which indicates that the stock should head much lower. MACD and RSI at moment can be used as signal confirmations to short the stock, just look for the line to cross down the support lines on RSI and MACD
Can $DE Print a new all time high?Price finally took over head resistance, and ready to challenge the 2011 high which now is 6.79% above today's close. Good to wait a pull back to mid 80s and re-enter this trade. I wouldn't be surprised to see above $100 sometime mid this year. If you decide to initiate a long position make your stop loss at recent swing low %85.15
