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michaellaurasmussen
May 23, 2022 4:42 AM

Short $DE from 313 (or where ever it opens today) Short

Deere & CompanyNYSE

Description

DE was trading sideways in 320-400 range and attempted a break out above. I was actually looking for this move, but did not get into the trade because I didn't have a target to the upside. Shortly after, it crashed and broke down below 320. Now we have a target to the downside, as there are practically no support until 180.

Entry: 313 (or in that area. One could hope for a green open and short it around 320)
SL: 356 - this will be adjusted according to entry. I will update.
TP: around 185 - this will also be adjusted according to entry.

I like my risk/reward ratio around 3, so everything will be adjusted around this.
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