Trading idea for today: Deere & Company (NYSE)

#DE

The overall trend is upward. The support level of 328.74 discourages the sellers. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions. The descending wave pattern is truncated.

Trading idea:

Buy when the ascending wave pattern is formed that will conclude the descending truncated pattern by breaking through the inclined channel.

Stop Loss: below the local minimum of the descending pattern (328.74).

Target levels: 356.10; 386.40.