HOG: Weekly View Suggests Consolidation, Then Uptrend

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MaryJane published a chart for-HOG. She peaked my curiosity because I live about 7 miles from the Harley plant in Milwaukee, WI.
The stock has slowly been improving. It is currently at the 50% retracement after its decline from $74.
On a monthly chart HOG-is 2/3 of the way through completing a "saucer buy signal" via the phase energy.
With this (monthly) indicator heading upwards, please note that the weekly indicators have already gone positive.
Positives On Weekly Chart:
All four indicators above the chart (from top down are RSI / Stochastic , Vortex , Coppock Curve, Phase Energy) are positive (strong).
The most recent fractal is a buy (up green arrows).
Note: A buy fractal (green arrow) is a series of five consecutive bars where the highest high is preceded by two lower highs and is followed by two lower highs.
The alligator is feeding in an uptrend.
The 89 Week EMA is heading higher. The prices are trading above the Ichimoku Cloud .
The Coppock Curve and Vortex formations today mirror early May 2016 when HOG-was $44, today it is above $53 and the phase energy is strongly above zero.
(This is called a positive divergence).
Negatives On Weekly Chart:
HOG-is at a 50% retracement from $74. RSI / Stochastic is over-bought, and Coppock Curve is over-bought.
Conclusion: HOG is in the early phases of a new bullish trend . It will likely move sideways until the over-bought condition is consolidated.
Then I feel the bullish trend will continue.
I will close with a joke: How do you spot the guy from Milwaukee in a car wash? He’s the one on the-Harley.

Thanks to MaryJane for her chart. I had trouble doing this chart because I wanted to drive over to Harley-and get one!
Good luck to you on all your trades. Don.
Hahaha! Thanks for the awesome chart!
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