DE Deere Daily Chart

DE Deere daily chart showing the negative divergence spank down in February. On the second leg down over the last couple weeks, the positive divergence gave it a little bounce last Friday. Money flow and RSI are agreeable to more downside since they do not show positive divergence. The two-leg bear flag targets 82.0-82.5 which is also horizontal support.

There are a couple of gaps above that will need resolved and cannot be ignored. The gaps below are ominous, however, swiss cheese from 67 to 80. If the 20 MA crosses down thru the 50 MA that tells you the end game is here, any upward movement in price concurrently would represent an exit point. Chart will finalize its top between 82 and 95 over the next month in preparation of rolling over on a longer term basis. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.