I really like this setup here. Deere & Company consolidated for about two years and then moved to the upside for a 120% gain over the next year. Then it rested and digested those gains for about ten months. This week $DE broke out of the consolidation on heavy volume. What I really like about this breakout is the previous week saw heavy selling volume signifying the remaining sellers exited their positions. A doji candle formed suggesting indecision on behalf of traders. Well, it looks like the decision has been made to the upside. RSI is also positive and pointing upwards. I like $DE with a short to medium term 20% upside based on the width of the base. A close below $400 would be bearish and the thesis would be invalid IMO. A more aggressive stop would be the high of the 3/15/21 weekly candle. $392.42.
Full Disclosure: I am long $DE.
Full Disclosure: I am long $DE.