Trump Drives HOG Out Of U.S.

By Candy Matheson of Strawberry Blonde's Market Summary

Blogger & Retired Russell 2000 E-mini Futures Day Trader • Jun 25, 2018 at 2:23 PM EDT

Harley-Davidson may be forced to build its motorcycles destined for the European market over in Europe, itself...thereby cannibalizing its American jobs in the process.

Because of President Trump's trade tariff tantrums, Harley-Davidson (HOG) may be forced to build its motorcycles destined for the European market over in Europe, itself...thereby cannibalizing its American jobs in the process.

Price has broken below several important support levels that I described in my post of March 2 and dropped over 6 % today...it sits just above major price support at 40.00, as shown on the monthly chart below.

This may just be the beginning of a great migration of businesses out of the U.S. if Trump continues his hard line on trade.

(Click on image to enlarge)

So much for this company as being hailed as an American icon, thanks to Trump's whims.

Trump's former praises all done for show?

Disclaimer:

All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are provided for your information or entertainment only...none of it may be construed as financial or trading advice. I trade my personal account only...I do not manage a fund for other people. Please do your own "due diligence" before engaging in any trading activity.

No part of my Blog may be reproduced or copied and presented as your own material.

It is the sole property of StrawberryBlondesMarketSummary.com. The sharing of my posts, is, however, permitted, as long as the appropriate credit is duly given, and as long as they remain unaltered/unedited. To share them, however, does not mean that I endorse you or the site at which you choose to share my information (although, no doubt, your intentions are honourable).