Trade Idea for Deere & Company (NYSE)

Deere & Company (NYSE)

#DE

The trend is bullish. The bearish wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions. The stock is trading within the range of the 365 and 135 EMAs. The descending channel of the truncated bearish structure has been broken.

Trading idea:

Buy on a breakout above 577.70.

Stop Loss – 561.83.

Target levels – 597.29; 625.00.