15.05.2015 - Deere & Co may continue to grow within the channel

The price of Deere & Co showed a sharp decline, but continues to move near the level of 90.00. The breaking of the lower boundary of the rising channel is unlikely. On the other hand, long positions should be opened only after fixing the price above the level of 91.85 which is a local maximum. In this case, we expect growth to 94.00 and 98.00. Our medium-term outlook is positive, but we are waiting for confirmation of a buy signal.

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