Tyson Foods, ( NYSE:TSN ) the largest US meat company by sales, has surpassed Wall Street expectations for second-quarter profit as it begins to reduce costs by shutting some chicken processing plants. The company's adjusted earnings of 62 cents per share for the second quarter were higher than analysts' average estimate of 39 cents. However, Tyson ( NYSE:TSN )...
This is a weird one for me. Saw a x post about them heavily investing in bug proteins and had to check the chart out. Monster megaphone pattern. Beautiful chart. F the bugs but have to punt. Buying some here for the culture. At this time I am allocating most of my capitol now to btc and high beta crypto shit coins and stocks ill probably lose everything on....but...
BYND has had a good trend up over about 15 days rising about 40% over the interval.
The question that arises is whether the trend is now near to a top and so consolidation or
reverse or instead can it continue higher? The indicators may give a hint on the 4 hr
chart which being a higher time frame has better reliability than a low TF. About a week ago
price...
On January 12th, 2022 Mike Tyson tweet that he was "all in" Solana. Price reached a high of $153.40 that day. He pulled back and threw the haymaker. K.O.!!!!
What do you think? There is some consolidation going at support #1. I want to see a breakout above the 50 MA on a smaller time frame at a support. I think this still has more time to fall more.
Tyson food has been recently hit with supply chain issues and is currently ranging in a tight wedge.
We could see one last test of the upper band, however, the probable play is a breakout to the downside.
Note: Pay attention to $TYS news for the determination of your exit strategy as things can easily get worse or better.
Stop loss above the upper band.
Hello team,
Notice the price action, RSI and MACD levels during the previous time period within the black bars. These moves mimic the recent action in Tyson Foods showing me a strong technical tailwind for Tyson going into 2020 and earnings in Jan.
Looks like Tyson will test the highs in the next Month and should breakthrough.
Fundamentally, news has come out...
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...
It looks like we are going to bounce tomorrow, but will we go higher from there and finish fifth zigzag as on daily chart, or will find strong resistance at 298 area and brake the wedge down,
next two trading days will have to make a decision on the directional bias to hold
TSN
if someone could break down the count within the ending diagonal that would be awesome. also if anyone has an alternative wave count as their primary please feel free to share.
Fundamental analysis
With all the hype around Beyond Meat meatless burgers. Tyson (TSN) who is a now official competitor on this semi-new (not only for vegetarian) market could be a gainer.
Technical analysis
RSI @48 trending higher (could be stronger)
OBV confirming at all time high
We made a head and shoulders (shown on chart), with a positive uptrend...
