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RedHotStocks
Oct 10, 2019 9:47 PM

$DE Can DEERE breakout soon ? Long

Deere & CompanyNYSE

Description

Resistance has held at $170 despite several very bullish attempts to break through, once gain the price is at that level, and everything is aligning perfectly .
All MA's are bullish and proper sequence.
RSi is also trying to hit a high
MACD and Histogram are in bullish formation.
P/E 16 (reasonable)

Market sentiment is the biggest concern and tomorrows trade talk outcome will determine the long term direction of the stock, if it is a break higher it should be very frantic given the duration of this congestion phase.
Comments
Dave-FX-Hunter
Profi analysis.
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