Harley-Davidson Wave Analysis – 12 March 2025
- Harley-Davidson reversed from resistance level 27.35
- Likely to fall to support level 23.80
Harley-Davidson recently reversed from the resistance area between the key resistance level 27.35 (former double bottom from January), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from January.
The downward reversal from this resistance area stopped the earlier short-term ABC correction 4 from the start of February.
Given the overriding daily downtrend, Harley-Davidson can be expected to fall to the next support level 23.80.
1HOG trade ideas
HOG headed for the mudHOG faces some serious head winds confirmed by the lower highs and clear downtrend. Despite them buying back 1b in stock, this is a good short candidate on local tops.
DEI is the death knell for a company built on the back of blue collar workers, who are not only getting older, but are pissed off and seeing challenges with inflation . The H-D tent at Sturgis is being boycotted for good reason.
There is a potential H/S on the Daily chart, with a target around $20. Key support is the local low at $25.
40% up-leg incoming in Harley-Davidson!Harley-Davidson is just starting to take off in wave III.
The initial "wave I'' was witnesses in the stock through the period between late Oct-late Dec.
Wave II was a mere 38.2% retracement of the impulse(a sign of strength) and now the corrective pattern of the wave II seems to have completed all legs.
Wave III projected target zone comes to approx. $45-50.
With the kind of current risk-reward potential that the stock is offering at CMP, looks like a good pick in the up-trending Automobile sector.
Harley is having a spring sale HOG LONG ?The chart shows HOG to have reversed above its intermediate-term support.
Price is just below the near-term POC line of the volume profile and 30 % below
the intermediate-term POC line where increased volatility could result in
a rejection bounce or alternatively a push higher into the low-volume area
above.
The zero-lag MACD shows the lines crossed under the histogram and crossed
over the zero line.
The Bolliger Bands indicator shows a buy signal with a price near to the lower
band.
Overall, this is a good place to take a long swing trade of stock or even
a call option of 4 weeks duration mindful that it might be strategic
to "ride" the anticipation of earnings on April 25th but close out the option contract
or stock position a few days before the earnings report.
For the stock trade, stop loss and target are drawn onto the chart.
Interesting 2 stage triangles in $HOGAn interesting set of patterns that I don't believe I have seen repeat like this before in this succession. Each 2 stage triangle ends with a gap up. The last triangle is just a guess-mate. Not sure what the triangle (or upper resistance) would look like, but I would expect a pop up, and then sink back into the first triangle, before gapping up again.
Earnings watch todayEarnings watch today 4/27:
pre market
BA
SPOT
HOG
ADP
post market
PYPL
F
QCOM
PINS
TDOC
HTZ
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Long HOG above 40.87HOG just broke the latest daily fractal of 39.14 to the upside. Entry 1 above this price. Adding 5 when and if price goes above the weekly fractal of 40.87.
Remember that the Alligator tells us when to enter and exit. Stop loss is the Alligator's Teeth (red line). It is also the last exit point when the trend ends. First exit may be the lowest low of the fifth consecutive green bar (zone bar).
Chart shows only last short position, which was closed and reversed to the upside.
Harley-Davidson (NYSE: $HOG) Looks Ready To Rally Higher! 🏍️Harley-Davidson, Inc. manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services. This segment sells its products to retail customers through a network of independent dealers, as well as e-commerce channels in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. The Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles, as well as point-of-sale protection products comprising motorcycle insurance, extended service contracts, and motorcycle maintenance protection. This segment also licenses third-party financial institutions that issue credit cards bearing the Harley-Davidson brand. Harley-Davidson, Inc. was founded in 1903 and is based in Milwaukee, Wisconsin.
Is Harley Davidson Ready for the Fast Lane?Harley-Davidson has struggled for years, but now the motorcycle maker could be getting back in gear.
The main pattern on today’s chart is the bullish gap following a strong quarterly report on February 8. Consider how HOG has traded since the move: Not only did buyers quickly defend a retest lower last week. They’ve also kept prices above the 200-day simple moving average (SMA).
The consolidation phase is currently producing a bullish inside week. That could suggest the stock is squeezing before a potential move.
Next, prices have been holding $40. That was a peak in early November and early January. Is old resistance becoming new support?
Finally, the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout the process.
Turning to fundamentals, HOG recently implemented a new business strategy that refocuses attention on its core demographic. It’s also spinning off its LiveWire electric-motorcycle unit in a SPAC deal that could potentially drive valuation further down the road.
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Earnings watch 2/8 pre-marketEarnings watch 2/8 pre-market:
HOG
BP
PFE
COTY
CVE
SYY
FISV
ARMK
WMG
NRZ
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Harley DavidsonSunday, 12 September 2021
4:40 AM (WIB)
Been a long time not to trades with Harley Davidson. And surprise that the price on the downtrend channel with hit the lowest low of an ascending channel. There more possibility for the price to start move upside again and reach 0.5 F with 20% ROI.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
HOG Harley Davidson repeating same move from April 2020Enter and Exit are on the chart. Repeating same move from back in April 2020/ Should be on autopilot. I'm expecting a drop first thing in the morning hopefully that will get me in the money for the out of the money price and Should see it bounce from there. Falling wedge except each of these dips before it goes up. Nothing serious just back to the lowest candle in wedge break out.
07.26.2021