GIS GENERAL MILLS oversold (Hedge against recession)
Will update
Overview shows a similar pattern to the dot-com bubble where GIS acted as a strong hedge against the washup and the recession)
Its reputed as a 'boomer stock' that pays dividends
Beautiful trendline retracement (so far) and RSI reading is extremely oversold.
Worth taking a position, should pump to at least 70$ before any major further downside (which is highly doubt will happen here, but I can be wrong too).
Always practice Risk Management and trade safely.
Not Financial Advise.
Happy trading.
Overview shows a similar pattern to the dot-com bubble where GIS acted as a strong hedge against the washup and the recession)
Its reputed as a 'boomer stock' that pays dividends
Beautiful trendline retracement (so far) and RSI reading is extremely oversold.
Worth taking a position, should pump to at least 70$ before any major further downside (which is highly doubt will happen here, but I can be wrong too).
Always practice Risk Management and trade safely.
Not Financial Advise.
Happy trading.
Comment:
Comment:
while the market was dumping, boomer stocks were trading higher off the lows
profits is all we were looking for
profits is all we were looking for