Deere & Company Trading Analysis (14/04/2025)
The trend is downward. The stock is trading in the range between 365 and 135 EMAs. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition. The upward wave structure is truncated.
Trade idea:
- Sell at the beginning of the formation of the bearish wave structure, when wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss below the local maximum of the rising structure at 463.30.
- Price targets at 433.16 and 411.33.
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