jmtbernardo

DE Deere & Company

Short
BATS:DE   Deere & Company
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This 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

Comments

You may be right about this, but I wouldn't short with a MACD histogram divergence.
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I mainly use RSI for failure swings or for a confirmation signal.
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