Trade Idea for Deere & Company (NYSE)

Deere & Company (NYSE)

#DE

    The trend is upward. The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions. The stock is trading between 365 and 135 EMAs.

Trading idea:

Buy upon the formation of an upward wave structure, where wave (A) breaks through the trendline of the descending truncated structure.

Stop Loss – 462.90 (below the local low of the descending structure).

Target levels – 473.50; 483.90.