Technicals: This is not at all a perfect short setup solely off of the technicals. With that in mind, some clear signs of weakness can be seen in DE's weekly chart. One such sign was the new lower low formed at around 285 in July, which broke DE from its previous trading range of around 310-400 a share. Deere's recent bull rally since July's new low I find to be...
Hey all, I've been calling for a rally these last few weeks, and the rally has occurred. I am now looking to enter short with heavy size tomorrow, 7/29. DE is one of my favorite shorts- it has made a setup very similar to the ones it made in 2000 and 2008(Wyckoff distribution at the top), respectively, and has virtually no support until the high 170's. This thing...
Both CAT and DE have shown a lot of weakness the past few days. Volume has picked up again as well. If 295 breaks on DE it would make a failed double bottom or if it can get back to 305-306 area can be an entry for a short. Looking at 9/16 280p. PT: 280.70 using 311 as SL
farm machinery manufacturers like CAT and DE been really weak last few days with big volume on gap downs. DE has been closely tracking XME since last year or so which doesn't look too good either.
Also, if we overlap IWM chart with DE, it looks pretty close to IWM chart before the break down.
if it breaks 295 again or if it can get to 305-306.
DE 9/16 280P...
Hey guys,
As the other names in the market have been crashing, DE has always stood out to me for how well it has held up to this point. That being said, I do not expect this to hold up for much longer. Starting with basic fundamental analysis, DE is overvalued compared to its historical figures- the stock generally is usually at a single-digit P/E ratio, but...
Bottom trendline broken.
Targets possible to the downside are underneath rectangle which is a neutral pattern until a trendline is broken
No recommendation.
Short percent is low at .86%.
Earnings 8-19 AMC
After March 2020, everything was bought up moving stock to ATH quite quickly, most have given back those gains and more, while others are hovering with a heavy weight to bear.
Pretty nasty reaction to earnings last week. Ended up turning that triangle breakout into a false breakout. Trying a small put position here against this week's highs.
DE gapped below $400 with some strength and now a clear bear flag is formed.
Ideally I would like to see some more consolidation inside the flag, however keep an eye in which direction this will break to.
Above, could try to fill the gap to $400
Below, could test $372 and $362 levels
The PEAD projected a Bearish outlook for $DE after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
$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...
Today likely seals the deal on the point of no return from the greatest bear market four generations of humanity are about to witness. Fall of the ancient DOW and one of its oldest poster children DE seals its fate. Protect cash. Follow the best bear market players. Good luck to all.
Deere and company looks like it's rolling over from a breakout above resistance at $392. If price breaks back below the blue trendline, then it sets up the possibility for sharp downside in the coming weeks.
I think that we'll likely find support at $276 which is the 50% retracement from the move. Let's see how it plays out.
