2017 hasn’t been an “easy ride” for Harley Davidson (NYSE:HOG), which has been falling for most of the year while the broad market powered higher.
HOG's 25%+ decline this year took it down to test 8-year rising support and the bottom of a potential bullish falling wedge pattern at (1).
Since testing dual support at (1), a breakout of the bullish falling wedge is taking place at (2).
Full disclosure- Members bought HOG at is was testing this dual support at (1). This type of set up, a decline that tests long-term support in combo with a bullish falling wedge pattern, continues to provide good risk/reward potential.