$DE
If you look at the monthly chart John Deere could test that All-time high it bounced off of in 2011 (and big round number) at $99.80
Zooming in on the weekly also shows a close above $93 is out of the resistance line in the top of the monthly pennant I drew.
Buy the stock now or on a Friday close above $93
or
Delta 40, JAN16 97.5 Call is a cheaper way of getting long it was only at 3.50 this morning. If DE takes longer than 8 months to test the all-time high then that is the only con to buying calls.
The weekly chart has the ATR trail stop strategy indicator** that I like to use on trending stocks. The ATR trail stop is the yellow dot trailing below today's candle (blue dot if trending lower). A close below this level is when I am stopped out. I personally have been trading the ATRPeriod value at 10 with the ATRmultiplier value at 2.
That said, today the stop would be below $89 but know that this value is adjusted at every closing price.
**Big ups to Sylvain Vervoort (or user HPotter on here) for writing this and publicly posting the script to get this strategy on charts.
If you look at the monthly chart John Deere could test that All-time high it bounced off of in 2011 (and big round number) at $99.80
Zooming in on the weekly also shows a close above $93 is out of the resistance line in the top of the monthly pennant I drew.
Buy the stock now or on a Friday close above $93
or
Delta 40, JAN16 97.5 Call is a cheaper way of getting long it was only at 3.50 this morning. If DE takes longer than 8 months to test the all-time high then that is the only con to buying calls.
The weekly chart has the ATR trail stop strategy indicator** that I like to use on trending stocks. The ATR trail stop is the yellow dot trailing below today's candle (blue dot if trending lower). A close below this level is when I am stopped out. I personally have been trading the ATRPeriod value at 10 with the ATRmultiplier value at 2.
That said, today the stop would be below $89 but know that this value is adjusted at every closing price.
**Big ups to Sylvain Vervoort (or user HPotter on here) for writing this and publicly posting the script to get this strategy on charts.
