With long term support broken, I am leaning on HSY testing equilibrium unless immediate sellside liquidity holds. Such a quality name, so it is very difficult to short but at least I am not going long yet!
The high of right shoulder of head-and-shoulder pattern, which was formed in the first half of June 2023 (blue) was re-tested in the second half of June (purple). This second shoulder pattern broke the neckline (yellow) and the downtrend began. HSY is close to a major support of 216. Price is likely to bounce from this support when RSI, too, would be oversold...
HSY stock has done incredibly well over the past 50 years, essentially in a constant upward trajectory. If you invested 13 years ago, you'd have x10 gains. That being said, the ABC has completed inside the structure and at some point correction is in order. While it's impossible to say when it's going to correct, structure like this tend to break to the downside...
THIS IDEA WAS CREATED WITH A LOT OF HOPIUM, DO UR OWN DUE DILIGENCE. I AM NOT A FINANCIAL ADVISOR. NYSE:HSY The earnings were better then expected in the last 4 earnings which resulted on average around 3-5% price increase. The earnings date is on 27th july, I expect for them to beat the earnings hence the price could increase as it did in the...
Discussing a potential capital rotation trade. We analyze Tesla, Amazon, Pfizer, Moderna, Hershey, and others to get a sense of what is going on.
Hershey is ready, its soooo overbought on every level. Tip it.
HSY emerged from an 11-month sideway consolidation on 15th March and began a strong uptrend since. A bull flag is now apparent there could be opportunity to trade the breakup (if it materialises). However, the trend is rather extended at the moment hence it is prudent to trade a smaller size at this juncture. Disclaimer: Just my 2 cents and not a trade advice....
On this chart, we are witnessing an all time high, with multiple tops. Therefore we are short on this one and are expecting a run to the downside. Also the MACD and RSI are both showing bearish indications. We are ready for an entry, as the multiple tops are completed. More details are shown on the chart. Good luck!
The PEAD projected a bullish outlook for $HSY after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
As a leading manufacturer of chocolate and sugar confectionery in the United States, Hershey Co. is poised to generate significant profits during Valentine's Day with its well-known brands such as Hershey's, Reese's, Twizzlers, and Kit Kat. Despite the recent controversy surrounding the missing "tips" on its Hershey's Kisses, the company's holiday-themed...
Hello dear Traders, Here is my idea for #HSY Price closed above yellow line Targets marked in the chart Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer all! Thank you. Please, support my work with like, thank you!❤️
I can't help but clearly see the large double top formation, and when this happens my gut tells me not to ignore it since they tend to have a very high rate of success playing out correctly, double tops (M) and double bottoms (W). Double Tops = downtrend upcoming and Double Bottom = uptrend upcoming It looks as if shorting to the target of $200 - $180 would be a...
in HSY in longer term account.. and added a little looking interesting and getting tight 235ish area..
Stoploss at 223.66 (ATR x 1.5) Move stoploss to break even when price hit 237.77
Hershey broke up and out of a Cup and Handle pattern. The Moving Averages are all pointing up and looks good. There is a retest on the brim level giving this a conservative entry for chart pattern traders. Target = $271.00 CONCERNS: With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with...
The PEAD projected a Bullish outlook for $HSY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Consumer staples food products showing relative strength. Hersey Foods Corp showing leadership. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
We need chocolate for the Chocolate game. I like Hershey's.