Hershey: IHS and A Chocolate DividendFundamentals:
I am not relying on fundamental analysis for this stock, but only technical analysis.
Technicals:
Daily:
Inverse Head and Shoulders pattern
Stage 3
uRd
Weekly:
uRd
20879.12
0.01BRL
9.30 BBRL
55.77 BBRL
About HERSHEY CO DRN
Sector
CEO
Michele G. Buck
Headquarters
Hershey
Website
Employees (FY)
20.51 K
Founded
1894
ISIN
BRHSHYBDR001
FIGI
BBG009PNWGM7
The Hershey Co. engages in the manufacture and marketing of chocolate, sweets, mints and confectionery products. The firm operates through the following geographical segments: North America and International and Other. The North America is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada. The International and Other segment includes the combination of all other operating segments, including those geographic regions where the company operates outside of North America. Its brands include Hershey's, Reese's, and Kisses. The company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, PA.
Short $HSY short opportunity for NYSE:HSY ?
NYSE:HSY looks like a great short opportunity to me for the following reasons:
- Apparent stage four decline (stage analysis)
- Bear flag chart pattern on all time frames, especially longer-term.
- Fibonacci confluence.
Chocolate makes you happy? Why not have both ? Eat the chocolate and make the profits , haha?
Wait for it or nibble some when it breaches the resistance at 193.53 or wait for it to fall further to the support level at 174.58.....
Christmas is coming ......what other better gifts than chocolate, the old tradition?
Time to load up on this counter - HSYIt has come down more than 33% from its peak and the staggering high cocoa price has not help in the share price at all.
Support zone (buying zone) is around 170-183 price level which I will start buying slowly.
Please DYODD
A good chocolates Earnings was not so exiting because of cocoa overpriced
Price near lower border of short term channel up can be a good entry point with a target of 207$ next week
Can also be interesting under a long term view
Hershey Company Unveils Aggressive Cost-Cutting MeasuresThe Hershey Company (NYSE: NYSE:HSY ) has announced a two-year restructuring program aimed at generating substantial cost savings. This initiative comes in response to recent quarterly performance that fell short of Wall Street expectations, coupled with concerns about consumer spending trends and r
HSY LONG IDEALong term trade idea on HSY. Support tested multiple times at 200 SMA. Great time to enter now
$HSY testing crucial supportBought NYSE:HSY at USD193 for low-risk high-return trade. Reason to enter: Testing weekly 200SMA with bullish ice cream bar formed at crucial support level.
Entry: USD193
TP: USD208 - 237
SL: USD182
Third trade of 2024. Let's go!
Zach says, "It's a Hammer!"Zach
December 27th, 2023
He said, "It's below the line... that's a hammer!"
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