A bullish bet is placed on General Mills (GIS: 58.43$):
1) Bounced off support level at 57.75$;
2) EMA 50 crossed above EMA 200;
3) RSI correcting at lower levels while price at higher ones ( check Black arrows). Indicator that price is in a hurry to resume the uptrend.
Target Price: 60.10$ then 61.30$
Stop level: a 2 days close below 57.75$ and or a 2% Intra Day below it at 56.60$
1) Bounced off support level at 57.75$;
2) EMA 50 crossed above EMA 200;
3) RSI correcting at lower levels while price at higher ones ( check Black arrows). Indicator that price is in a hurry to resume the uptrend.
Target Price: 60.10$ then 61.30$
Stop level: a 2 days close below 57.75$ and or a 2% Intra Day below it at 56.60$
Trade closed: stop reached