looks like its time for a sell off on HSY shorting to 618 fib of last higher low.
Since december HSY trended up until Febrerary 9 where it began to form a reactangle 2.5 MONTHS). If prices breaks the top of the rectancle it should go up. TRADE AT YOUR OWN RISK. I would enter if price goes above 110. with a $2.4 TP
Short <94.6 Stop - 94.31 Target 93.3
The Hershy family trust has turned down other offers , they seem to be loyal to workers , state country , self the offer of 107 is below where this price jumped up to of about 115 i am in the July 110 Put @ 2.63 have sold some already in the 3 to 5 range has a long term hold possibility so i might actually exercise some puts if it drops enoughl
it will be difficult to build higher highs without some profit taking and retracement.
The weekly chart currently stands at the neckline of a double top pattern, where it formed a bullish engulfing candle last week. The Force Index has been oversold a few weeks ago, and is now back inside the channel. A bounce is possible. Going to the daily chart, a bounce seems imminent. An almost perfect class A bullish divergence on the MACD lines and histogram...
Hershey, the famous chocolate company with branches all over the world, has announced the end of their long term uptrend in late July. Again, breaking a long term uptrend line doesn't mean immediately bear market will take charge tomorrow. As the price may still move higher along the uptrend resistance line until exhaustion takes over. Thats how double top/triple...
Divergence Status: Closed Long Position Point system: 1 = meets criteria, 0 = fails or not applicable Total points: 2 Horizontal S&R: 0 Channel S&R: 1 MA S&R: 0 Pearson's R >= 85: 1 Price Fib Ext >1.382: 0, 1:3 Next Earnings date: 10/23 Favorable EPS: 0 Favorable Rev: 0 Short Float: *stop 1 atr below swing low. ** first price target is 50% the move...
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Quality Name first test of the 200 ema