DEEC34 trade ideas
It looked good to Charlene in John Deere greenlol oh my I had some fun with this.
Boy howdy I wonder if this will really happen?
Who knows...
DE a TIME to BUY CALLS the chart posted is that of DE I see a rather good rally for the short term I see a nice rally to 389/391
DE Long PlayDeere is in an ascending wedge pattern. currently priced on support trend line. long bottom wick on the weekly candle for last week showing buyers and confirmation of support trend line. Trade to 1 point below supply line at 435 with stop loss at 1 point below weekly candle wick from last week.
DE - be aware of this long term trendNYSE:DE is one of my larger positions and a company that I plan to hold in my portfolio for a long time. We are late into the overall economic business cycle and DE has guided lower on future earnings.
Looking at a log view of DE from its 1968 IPO we can see a familiar trend. DE breaks out to a new high, climbing between 75-150% in the span of 2-3 years. Within 3-4 years of the breakout, price falls rapidly and back to its starting point, consolidates for 2-3 years, and then continues to a new high. This seems to happen late in the business cycle, close to recessions. We are currently in the longest expansion period for DE. This has happened 6 times in DE's history.
Zooming out again, we can take a look a the VWAP anchored to DE's initial listing.
DE revisited this AVWAP a number of times leading up to 1993. The last time that it was tested was during the 2009 recession. Anchoring a new VWAP onto the 2009 retest, and then anchoring additional the last times that those are tested starts to give a sense for some worst case scenarios for critical support.
Using a series of Fibonacci retraces and extensions throughout the time series identifies some key support and resistance areas among the most current price trend, as well as some very broad areas below. Note the visible range volume profile showing a very large air gap between 180 and 325.
We have fallen through the most recent AVWAP that has history with the AVWAP from IPO. The next is starting to drift into the support area below, with another entering the one in the 180-245 range.
Additionally, taking a measured range of the two most recent times that the detrend price oscillator peaked and fell below 0, accompanied by the price momentum oscillator rolling over gives us a projection for a scenario that could see price consolidate toward 320. Coincidentally, the measured range lines up with a Fibonacci time zone that has aligned to price pivots (including the most recent).
DE Deere & Company Options Ahead of EarningsThe area where the stop was requested is broken
Stop loss 355
DE Deere & Company Options Ahead of EarningsIf you haven`t sold DE before the previous earnings:
Then analyzing the options chain and the chart patterns of DE Deere & Company prior to the earnings report this week,
I would consider purchasing the 400usd strike price Calls with
an expiration date of 2024-2-23,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Deere & Company (DE:NYSE)🚜 Deere NYSE:DE : NYSE has broken above its resistance, now acting as support. Currently trading above the support and Trama indicator, last week signaled buyers and confirmed the support zone in the range of $380 - $386. The trade target is set below the resistance zone at $440. 📈💼
#Deere #StockMarket #DE
Deere & Co is preparing to target 383, then 415Deere & Co., on 1-hour chart, should cross up the resistance line at 371 to target 383
Next stage, after 386, the target will be 415
Stop loss at 365 should be considered
DEParallel Channels help to, among other things:
- Define trends
- Identify key inflection points
- Identify potential buying and selling levels
Deere & Co (DE, $396.82) has been trading at the same level it did in March 2021 and in the short to medium term, has been in a downward trending channel since July 2023.
In recent sessions, the share has broken out of this channel, reflecting buying interest as well as the with the potential to continue it's bullish reversal.
While ultra short term pullbacks as possible, the potential upside target is previous highs near $435 to 447 while a stop-loss of $360 can be considered.
$DE In a downtrend but triangle formingDE is in a downtrend technically but it also formed a triangle here and looks like it is primed to move and catch up with the rest of the SP500
DE Deere & Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DE Deere & Company prior to the earnings report this week,
I would consider purchasing the 377.50usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $9.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
💵 E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: negative swing to support.
Next Wave: sell wave to the range.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Market Capitalization: 110.635B
Release Date: 11/22 BMO
Quarter: FQ4'23
_______________________________________________
Revenue Anticipations: positive surprise of Revenues.
Revenue Surprise-Confidence: on a scale of 0-9, #2
Revenue 2-Year Trend: the company trend in Revenues is positive.
_______________________________________________
EPS Anticipations: positive surprise of EPS.
EPS Surprise-Confidence: on a scale of 0-9, #6
EPS 2-Year Trend: the company trend in EPS is positive.
_______________________________________________
📝 S Y N O P S I S
🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise.
⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities.
🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise.
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
☝️ P R O V I S I O N
The analysis presented is incomplete work thereby can't safely trade in the Market by itself.
John Deere can move up 20% from current levelsThe latest impulse in this American agricultural machinery and heavy equipment manufacturer was spotted beginning in May 2023 and got over in July 2023.This impulse is marked wave i on chart.
Between late July and late Oct. the stock made a very deep 78.6% retracement of the advance (wave i).
The corrective counts now seems to be have come to an end in this stock as also it is slowly emerging out of the falling wedge pattern.
Wave iii target is projected around $460-475 zone(around 20% from CMP) and previous wave i high was at 450. Both these levels would be crucial levels towards which the stock will start marching going forward.
On the downside the swing lows of 358.8 and 363.01 are crucial supports for the stock.
Note*- This chart is for educational purpose only.
$DE Breaking Out of Downtrend?NYSE:DE has earnings coming up next week. I started a 1/4 size position on this breakout. I'm looking for a rally into earnings. All TBD. Stop is under LOD.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
DE - buy into earnings?NYSE:DE has frequently pivoted on earnings over two year consolidation period. It's major price reversals have also respected the fib time zones that I've drawn on this chart. I would look at a move below $345 as invalidation of the uptrend and stronger possibility that we move into a stage 4 downtrend.
DE 123 PatternHere is a 1-2-3 Pattern better known as a 3 Bar Play accompanied by a pennant pattern on the 5m (LTF). The CVol (Closing Volume) finished extremely bullish providing supporting confluence for the overall context of my bullish bias. Will be looking to ride up to next level as long as price holds above the green "Calls" level.
DE bull flagSimple bull flag within an uptrend on DE. If you look at the previous consolidation before the impulse move there is a similar pattern which you can expect a similar reaction BUT nothing is ever 100%. Trim majority at high leave runners after. % SL or last 10m candle before breakout candle.
DE falling into undervalued territory / Favorable Earnings LONGDE on the 4H chart is now setup for a long trade. It is now positioned just above a long term
anchored VWAP to which a stop loss can be set just below @ 390. DE was falling before
favorable earnings and has not yet reversed. I see this as an opportunity to trade an
industrial blue chip taking entry well below fair value and so a bargain.
I will get a mixture of a handfulof stock shares and a single option 4 months to expiration. The
target is selected to be 445 at the upper Bollinger bands confluent with the second deviation
line of the anchored VWAP. This is about 13% upside- while the option's profit potential is
substantially higher. If you would like to know the details of the call option leave a comment. (
if this idea is of interest considering liking and following :)
🦌 DE SELL THE BREAK 📉Larger degree bearish correction has broken out and appears to be making a great entry, sell the break and stick to your trading rules!
Juice is not worth the squeezeWith the move today of NYSE:DE approaching the levels of $422, I think the upside is minimal when compared to the potential downside here.
1)I see a trend line approaching
2)I see a resistance crowded area here
3)I see a bearish Cypher pattern forming that might take it to the $390 area.
Not financial advice, good luck to all :)
DE could breakout only if....?NYSE:DE is trying to hold above to break out of its bull flag. This is one of the companies that a lot of investors would run to if there's a sector rotation out of tech. With a 1.19% dividend and potential growth ahead, you could see DE attempt to test the resistance around 418.
Bullish Case - There is little to argue in favor of a bear case for this ticker today. With the bull flag at the brink of a breakout, if not already breaking out, this could be a 425 ticker in a short amount of time. I would like to see the price above 408.39 to take a safe entry to the upside and consider profits at 418.
Bearish Case - The sell-off at the end of the day could signal that the market is exhausted when it comes to DE. If it breaks the level of 397.06, we could see an attempt to fill the imbalance below to 400 or as low as 390. Right now, this looks like a failure swing for the upside when it pushed back down below the bull flag breakout.
Conclusion - DE is in a bit of a no man's land. When it pulled back, it formed what could be the beginnings of a harami candle pattern. Though you could argue this could be a breakout retest, it's too close for comfort, making the bear case seem more relevant. It's safer to take the trade above 408.39 than to be too presumptuous. We have to see where it goes from here.
Bullish above - 408.39
Bearish below - 397.06
