The Long Investor
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$DE - JUST REPORTED -
🕑 Added 2025-02-13 13:53:23 +0000 UTC$DE double beat on earnings and beat Revenue by +10% and the share price is down -4.7% in the PM now after a slow down expected on their margins this year.
That being said, the chart is telling a different story.
We have a breakout above the blue line at $446, which was a strong resistance level since April 2022, this level can still be converted to support shortly and if it holds then the next direction is back to the upside to completes Wave 5, with a realistic level being at the First Target at $525.
Losing the blue line then the 200 Day MA comes into play at $382 and the ABC correction will likely be confirmed next then
