A gap down below 60.50 is a nice retest gap.
A gap up above 66.50 would be the best bullish gap.
Newsome calls for a gap down. If we do not clear 60.50 strongly, HOG likely could bounce off that low.
A NR7 pattern formed from 63.91 up to 66.33. Price action broke below the pattern today, which typically signifies a downside breakdown that is equal to the size of the pattern ($2.34 in range). Projecting downside to 61.85 within the next 7 sessions.
When 200ema is almost flat, i can see that the price is range bound.
Harley Davidson is in an obvious downtrend channel.
After better than expected earning, it gaps up near channel top.
It would be interesting to see if price can have another gap up to break channel top and test 200ema.
My short order is welcoming at:
1. 64
2. 65.5
3. 67
A mid-term trendline from Oct 2012 has been broken on end of July 2014. Price attempted a retest but was rejected by the support turned resistance trendline as well as cushion between 8ema & 20ema
Currently, it formed a triple top and price just hang on 60.54. A break below that would signal at least a mid-term bear market with first target profit of 55.5 and the...
Seems to be trading in an upward range for 5 years.
You can find a spot around August where it usually bottoms and then moves higher
Target entry: $60-61
Exit: $74
Friends,
Cruising around the NYSE charts, my predictive analysis and forecasting system pointed to a potential bear, seen in Harley Davidson's stck ($HOG - #NYSE).
First, a recent relief rally occurred, but failed to carve a new structure high. instead, it fell square into a price range I had defined as "EAGLE" (for Extremely AGgressive Level of Entry for a...
Leg Start at 07 highs as recently been tested, and ready to retrace the legs back down. We should see a small pop in the coming weeks before returning down the leg.
hog moved the earnings date up, this might be considered a bullish move.
or they just wanted to report on a thurs instead of a monday.
bad news usually gets pushed back to a later date.
