TYSON: Estimated to Beat Earnings - Likely Going to >90.00

Tyson appears to be gearing up for a break-out finally after earnings this coming week from its latest products like plant based chicken nuggets and other similar products appearing to give it a nice boost.

Similar to Luckin Coffee (LK), the stock failed breakouts 4-5 times on different occasions. In this case, just like LK, it appears a breakout is coming shortly. I suspect wherever Tyson lies just before earnings, it will get a +10-12.00 boost and continue to inch its way closer to 100.00 within a week after earnings.

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Only time will tell. A good bet to buy pre-earnings.

Keep in mind that just because bearish volume increases before a company posts earnings, that is not necessarily an indicator of missed revenue - but rather, the opposite for a more volatile and bigger increase post-earnings for the 'big' money players.


- zSplit

Trade active:

Continuing to watch Tyson this morning. As I expected and posted in my original idea, they surpassed earnings.

Lets hope the timing of their earnings-beat has not be hindered by the USA-China tariff spat.

Trade active:

Break-out occurring as anticipated. Wait until 90.00 and sell 1/4 shares in-case larger sell-off looms after that. (Stop loss: 85.00)

If continual rise after 90, sell another 1/4 shares at 100.00.

Comment:

Based on the sentiment of the market, it looks like TSN may not get to 90.00

Watch closely for the last 10 minutes of the market close. If it drops below 85.00 I would advise selling 75% of your position.

Trade closed: stop reached:

Sold off 75% of my shares at 86.00.

Fell below 85.00 in last 5 minutes so holding last 25% incase rise tomorrow.

Trade active:

Still holding 25% of my original position. I believe TSN will get to atleast 90.00 with a chance of over 100.00.

It may take a little while to get to 100.00 given the market volatility, and algo sell-offs/algo bounces but I believe it will get to 100.00 before coming down.