TradingView
lauralea
May 8, 2023 7:10 PM

The Bottom Fishing Club: Tyson Foods 

Tyson Foods, Inc.NYSE

Description

Earnings Miss.

How low will she go?
Price has dropped below the .786 and slightly above the .886 of the trend up.

Covid low is 42.57.

Bearish red candle on the gap down meaning further drop possible. Time will tell.
Watch for a bounce up soon...known as a Dead Cat Bounce.
These bounces can be a good place to sell if you owned this before the drop. Also good for a very short term long.
No recommendation
Comments
mjstach1
Time to buy???
mjstach1
I think she found the bottom???
mjstach1
What a great recap of TYSON...very much appreciate you and your consistently great charting...
lauralea
@mjstach1, URW. Got a bounce today, but not much of one. Hard market to pick up momentum down here.
lauralea
@mjstach1, i am watching as this could make a Bear Flag/or not/big drop and this one needs a bit of help )o:
More