Harley Davidson tries to recoup some losses - Analysis - 31-03-2023

Harley Davidson's stock rose in the intraday levels, buoyed by positive signals from the RSI while trying to recoup some recent losses, marking a cautious profit  of 1.86% in the last session, or 68 cents, settling thereafter at 37.15. 

The stock is hurt by piercing the main upward short-term trend line previously, with negative pressure from the 50-day SMA, as the RSI reached overbought levels.

Therefore we expect the stock to return lower, targeting the support of 34.00, provided the resistance of 40.00 holds on.

Expected trend for today: Bearish