IvanLabrie
Long

GIS: Strong weekly trend possible...

NYSE:GIS   GENERAL MILLS INC
$GIS offers a very interesting chart setup here, weekly might erupt into a fierce rally, so buying it after confirmation would prove tremendously profitable if it holds up after earnings . I'd wait for the report to buy it on dips after earnings are out of the way but you could accumulate it during a couple weeks, on dips as well. The sector is the least popular amongst analyst, as pointed out by @timwest.
Since I think Gold has likely peaked, it's likely to see stocks grind higher, for longer than most expect and finding the best chart patterns amongst the least popular stocks is the best way of profiting from this juncture.

Cheers,

Ivan Labrie.
Order cancelled:
The dip after earnings was too deep, so there's no trend signal for now although support seems to have held. I'm not trading this one yet.
Comment: Support held and back to the same base. Might be good once it moves up from here.
Home