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mcmutton23
Sep 30, 2017 5:31 AM

Tyson Overbought? Short

Tyson Foods, Inc.NYSE

Description

Tyson looks overbought on RSI as of closing today, nice upward trending pattern as well.. clear areas of higher lows and higher highs. Expect an overall bullish sentiment, but i see a nice retracement on the way to short it. Maybe a little wiggle room up to 71 price range if you look farther to the left, there is a prior structure high there.. but i don't see it shooting up past that point. Expect a drop down to support zone one marked as the first horizontal line, and possible down below to the second support line.
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