Thread by @malteseinvest

Analysis: #NYSE $HOG

Case 397 #HarleyDavidson Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#HOG 1/4

Chart 1
Monthly Chart: The short term trend is #bullish but neutral long term with good 2 way action seen as major #resistance seen at 49.80 - 40.00 (2014 trendline, SMAs 200 & 50 Fib. 0.382, #pivots). A close below the 1990 #trendline (slope at .....

HOG 2/4

..... 12.46) targets major #support 10.10 - 4.62 (Fibs. 0.886, 0.942, 2009 channel).

HOG 3/4

Chart 2
Daily Chart: #Momentum is positive but flattening and pausing before the rise higher. Price is attempting to close above the #SMA 200 with immediate resistance 31.90-32.07 (pivot and May mini channel).

The #Strategy is printed on the image.

$HOG 4/4

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