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MikeMM
Sep 29, 2023 1:49 PM

Long hershey! Long

NYSE:HSY1D
The Hershey CompanyNYSE

Description

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This may not work, because the 200 week SMA seems like the best support in this scenario...

HOWEVER, we have massive bullish divergence on the MACD, the RSI is oversold and also starting to diverge, were at a reasonable support, and the rest of the market is rallying.

ALSO - cocoa futures and sugar may have topped, i think this helps here...

Comment

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Sold. its looking sketchy under support. will keep a close eye, i think this ones bottoms soon. still may be the bottom now but meh.

Comment

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Okay ill stop being a flip flop ill stay long. its rounding out rather than dumpu...

Comment

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Rebought today at the purple line... this is excessive, below the 200 week sma... worth another try.

Chart PatternsTrend Analysis
Comments
pinnaclegrade63605
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Cool, it is about time for some form of rebound ... way oversold = =
MikeMM
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@pinnaclegrade63605, I mean, i think so. prepared to cut it out again if i have to... its been known to go -50% and its only -30% ish right now.

hopefully we get above the 200sma soon.
MyCryptoParadise_Nathan
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Your consistency in delivering high-quality trading analyses is truly impressive. Thank you for sharing your expertise. 🙏💎
pinnaclegrade63605
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Very nice ! Are you buying HSY ?
MikeMM
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@pinnaclegrade63605, i had bought it, sold everything yesterday. I posted this instead of updating all the "long" ideas to GTFO..

pinnaclegrade63605
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@MikeMM, should be a good time to re-initiate a position ^^ @ 195
MikeMM
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I dont think so. waiting for 200 week moving average... bit below probably
pinnaclegrade63605
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@MikeMM, Looks like it is bouncing off to the uptrend !
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