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mrezaei
May 15, 2016 10:19 PM

Possible Long Setup Long

Deere & CompanyNYSE

Description

DE is in an ascending triangle with a potential to fill the gap up to $90.50. I will wait and see if the price breaks above the triangle at $84.90 then go long for a target of $90.50. A more aggressive entry could be the point where the price touches the rising trend line, lets see.

Comment

Forgot to mention that the RSI is also following a rising trendline which is a conformation that the probability of the price breaking out (above) is high.
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