DE trade ideas
Deer in headlights...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 could violently dump, and I'm going to bet on that occurring.
DE and CAT have been weakBoth 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
DE short 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
PT's : 280.70
SL : 301 and 311 respectively
DEERE IN HEADLIGHTSHey 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 currently rests above 16. On a technical analysis basis, the stock is extremely extended to the upside, is fresh off of a false breakout, and has a lot of room down before the year-end. In the immediate term, I expect the stock to hold up through July and maybe even see a little fakeout rally. That being said, I think the stock is entering a markdown phase and should be headed lower in a violent manner by August. This is backed by other distribution patterns in other agriculture names(CF, CAT) and in mutual funds such as MOO. I would not be surprised if this stock saw its pre-pandemic levels before year-end.
Disclaimer: I'm currently short on DE with a cost basis of $388/share and am looking to size up my position
Rectangle TopBottom 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
Oh Deerei wouldnt touch this until it loses half of its value. accumulate sub $200 and you shoudl be good to go
DE looks like it will follow the ways of many others before itAfter 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.
#TRMB $TRMB what a lovely bounce off support <3 as expected the extreme support zone held, bulls hold the control for now! lets target 374-438.58 on the next rally
DEPretty 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 gap + Bear FlagDE 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
$DE with a Bearish outlook following its earnings #Stocks 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%.
Short $DE from 313 (or where ever it opens today)$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 hope for a green open and short it around 320)
SL: 356 - this will be adjusted according to entry. I will update.
TP: around 185 - this will also be adjusted according to entry.
I like my risk/reward ratio around 3, so everything will be adjusted around this.
Point of no returnToday 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.
See ya at $150Once it loses $335, it could slide towards 150... my dear friends, buckle up, we are about to land !!!
$DE Deere and company back to the $200s?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.
DE Expecting further upsideDE has a beautiful chart. I broke out recently and has re-tested the breakout point already and pushed back up. I like this for a move back to the ATH and potential move to the 1.618 Fib and higher.
Do not want to see it move back below the breakout point.
3/27/22 DEDeere & Company ( NYSE:DE )
Sector: Producer Manufacturing (Trucks/Construction/Farm Machinery)
Market Capitalization: $133.896B
Current Price: $436.45
Breakout Price (hold above): $436.40
Buy Zone (Top/Bottom Range): $432.50-$421.20
Price Target: $448.80-$450.00
Estimated Duration to Target: 10-12d
Contract of Interest: $DE 4/14/22 450c
Trade price as of publish date: $5.55/contract
John Deeremore like john wick with that attitude, insane downside for this asset, keeps being pumped by bums on stocktwits i guess, who knows whats happening over there. Not saying its going here, but once it does break strucuture this would be an area it targets. good luck traders
Tractors to the dirtwere up here in price discovery should be pretty smooth sailing, if we drop back down then we have a ways to fall. wouldnt be surprised to see these levels retested.
