We recently pointed out that Deere & Co. (DE) was in a strong bullish continuation breakout. We also noted that if there is a pullback, we should look for support at or above $144 a share.$DE Daily Chart(click to enlarge)Pullback:- After a couple of failed attempts to break above $160, price retreated below $150.- So far, it looks like price is still above the $144 mark, which we noted as strong support.- In fact, we should start to look for support here around $147-$148, where the 200-day simple moving average (SMA resides).- Also note that the RSI is approaching 40, which means we should look for the correction cycle to end, IF the bullish momentum remains. - In the bullish scenario, we should anticipate a rally back towards $160. If price does get back here, we should NOT rely on it being resistance.- Rather, we can anticipate a push towards the $170-$172 area, which represent the highs on the year. - With the prevailing trend bullish coming into 2018, we should not be surprised if price extends beyond the current high on the year and make a higher high by 2019. Bearish Scenario:- A break below $144 a share on the other hand could reflect another round of bearish correction, which puts pressure on $132, with the prospect of pushing lower to something like $115-$116.