General Mills reports earnings Wednesday and should stay above the trendline in the meantime. It has positive analyst ratings and a positive earnings surprise expectation from Zacks.
It may even break upward out of its parallel channel sometime in the next two trading days in anticipation of positive earnings, but at the very least I expect it to stay at the top of the channel.
It's then likely to report an earnings beat Wednesday and enjoy a nice pop to establish a new upward trend channel.
It may even break upward out of its parallel channel sometime in the next two trading days in anticipation of positive earnings, but at the very least I expect it to stay at the top of the channel.
It's then likely to report an earnings beat Wednesday and enjoy a nice pop to establish a new upward trend channel.