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Deere in Headlights

Published 05/20/2022, 03:13 PM
Updated 07/09/2023, 06:31 AM

Well, I saw this coming (you could see it from a million miles away), but it was too annoyingly strong for me to do anything about it. But Deere (NYSE:DE) is getting blown to smithereens, in a series of harsh gaps lower.

Deere Chart.

Here is a multi-decade chart. You can see quite plainly how as recently as four weeks ago it was mashed up against its lifetime resistance! Shame I didn’t pursue this.

Long-Term Deer Chart.

 

Latest comments

That's the Russia-Ukranian war doing that! You need to read the news and appreciate global economics.
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