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

Economies.com
2023-03-31 11:57AM UTC

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.

 

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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

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