Deere (DE) is showing a double top pattern, and recently backtested through the confirmation point and dropped back down on high volume. For a double top, this confirmation improves the success rate of the pattern to an amazing 83% (statistics – Richard Schabacker).
Stop – Very Tight – 74.59
Initial Target – 59
Overall Target – 48.7
Popularity: 1% [?]
Tags: deere, pick, short, stock, tip
