After a months of price falling, at last it landed at EMA200, which can be a very strong support line if we based on the past record. Similar horizontal support can be recognized at 21Oct22 and 15Nov22. If we look at RSI Indicator, we can see RSI is forming a cup pattern which is showing over selling momentum is over. However, for more confirmation, you can...
Adding a little to my portfolio. Stock oversold on daily, and near 52 week EMA (75.68) on a strong uptrend. Has held the 78% fib at 77.23. It could hit the 52 week EMA, but I'm not betting on it.
The PEAD projected a Neutral outlook for $GIS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 84.62%.
I have been patiently waiting for this formation setup. As usual, very good earnings resulted in a gap down. I will be happy to get first 10% short quickly.
Based on my strategy, there seems to be a Bearish Divergence on GIS. Meaning that the price action is making higher highs, but the RSI is making lower highs. This could be a good time to buy PUTS on GIS with a very tight stop loss. The idea will be invalidated if the RSI creeps about the dotted line on the chart. I have marked the support levels on the chart...
I am bearish on GIS. this stock could fill the gap below
The PEAD projected a Bullish outlook for $GIS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
Looking at the GIS General Mills options chain, i would buy the $77.5 strike price Calls with 2022-10-21 expiration date for about $1.30 premium. Looking forward to read your opinion about it.
Hey just wanted to update this position I missed to publish , stopped out twice but still in on the third entry , hopefully we can de risk and turn this into some profit have sure been getting stopped on a lot of de risked positions lately ... Gave the stop a bit of extra room based on its prior behavior , trying not to get stopped out a third time but that...
I see a big correction coming on this stock. Good luck
Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking out of a base on base pattern of about 4 months * Has been testing broken resistance of 76.57 as support for the past several sessions Technicals: Sector: Consumer Defensive - Packaged Foods Relative Strength vs. Sector: 7.77 Relative Strength vs. SP500: 1.08 U/D Ratio:...
Alright well indices sill closed above 21 ema , just but that gives me permission to get back into GIS after the first attempt was quickly stopped out today . Waited until the aftermarket to see some positive initial signs on qqq/spy futures so that's why my price paid is higher than close . 74.52 in Stop 72.57 PT1 - 76.54, sell 1/4 stop to half Pt2 - 78.56 ,...
General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only a new 52-week high. It was also a breakout above the previous all-time peak in July 2016. Next, consider how GIS pulled back and held the level yesterday. Has old resistance...
I like several items for this down turn. - Topped out on a respected trend line. - Oversold on the RSI which has acted as a good signal previously. - Volume profile leads me to think a return to the Point of Control is coming. R/R is Solid here with a stop at 77 and a profit target of 70.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price. Entry Price: $68.23 Target Price: $67.20 Stop Loss: $69.26
Sure, the general market is weak but NYSE:GIS just printed a beautiful breakout, with decent volume.
Journal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Good 👍. Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: ... Position: Day/Swing trade. Notes: I'm anticipating the market to buy the earnings surprise 06-29-2022 BMO: www.estimize.com Barron's Company Overview: www.barrons.com Other: ... Tutorial: (Q/A) What exactly...