Deere gathers positive momentum - Analysis - 17-11-2022

Deere & Company's stock (DE) fell in the intraday levels amid positive support from the 50-day SMA, while trading alongside the upward correctional short-term trend line, collecting recent profits, while gathering momentum to extend the gains. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 438.00, provided the support of 386.00 holds on.

Expected trend for today: Bullish