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Timonrosso
Nov 3, 2022 2:17 PM

Kiss Hershey chocolates hello to $271! Long

The Hershey CompanyNYSE

Description

Hershey broke up and out of a Cup and Handle pattern.
The Moving Averages are all pointing up and looks good.
There is a retest on the brim level giving this a conservative entry for chart pattern traders.
Target = $271.00
CONCERNS:
With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with stocks gloablly.
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