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Sep 23, 2021 9:04 PM

Hormel up then downΒ Long

Hormel Foods CorporationNYSE

Description

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Hormel is in a remarkably consistent long-term channel up, and broke through to the underside for the first time. If it's gonna fall, it'll fall, but I would be surprised if, before doing so, it didn't retest the bottom of the channel by EOY. I'll be watching for slowing downward momentum. Also, if there's a market crash, everyone'll go to walmart and stock up on canned chili.

Comment

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Really though, look at that consistency!
Comments
FXKillA
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Ok πŸ’―πŸ‘πŸΌπŸ€©πŸ‘πŸΌ
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