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CharlestonTrader
Nov 15, 2021 4:43 PM

$TSN Breakout Room to $94 Long

Tyson Foods, Inc.NYSE

Description

TSN Broke resistance, retested and is currently holding as support. Room to $94
Comments
nattokay
This chart went bearish in the last few days. What do you think about this now? where is your stop?
CharlestonTrader
@nattokay, $80.50 would be my stop. Otherwise, it looks like it pulled back but it still trending upwards overall. Upwards stops are $81.75, $82.25 then $83 puts us back where we want to be for the next big leg up.
nattokay
@CharlestonTrader, Thank you. I decided to wait until earnings day to take a position. The chart looks okay the weekly looks like a big-time failed breakout. Your stop makes sense. Thank you for your time. Have a nice weekend!
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