GTStockmaster

SAFM - a nice turnaround point here for a consumer staples stock

Long
NASDAQ:SAFM   None
Just noting the pinging off a very long term trendline here for SAFM. Do you think this is going to break its very long term support? If not, I think this could be a nice little long right here. Historically, this has done quite well after hitting the long-term lower trend boundary. It only broke it twice, but in both instances (2008 and 2011) it quickly rebounded above trendline. More to the fundamental story as well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.