American Stocks Analysis-April 2024-www.financetom.com

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American Stocks Analysis

May 10, 2024 9:32 AM

Harley-Davidsons stock price (HOG) skidded in the intraday levels while hurt by piercing the upward correctional trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the next support at $29.18, provided the current support of $32.35 is reliably breached.

Trend forecast: Bearish

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