It broke out of a descending triangle. Over 5%. It's a bit sideways now but not only do I not see this dropping I think ER will be a positive change in comparison to the last 2 quarters. IMO 65$ will be reached and if it breaks through that $68.
Hint: They announced that they're hiring hundreds of extra workers. Business can't be bad if you're trying to keep up...
Hi friends
the daily chart of this market will experience an uptrend in the coming days but we must be vigilant of the change of direction towards the opposite
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Tyson Foods has seen some serious sideways action since the coronavirus price correction has begun. Though it appears that a majority of this price action is accumulation. The highs are consolidating at higher lows and on it's recent breakout attempt it stayed above the 0.618 Fib Retracement. This thing looks poised to make a big move.
Stoploss: 59.83...
Would recommend buying now as it seems very bullish, if you miss it (don't get in before $70), it should go dip as it has in a year or two. I will be buying more then.
The stock has just broken above neckline ($65.83)of an “Adman & Eve” pattern with a larger candle. The lightning cloud is above the thunder cloud and is heading upwards with narrow shapes. Also positive, the future cloud of thunder cloud is also heading upwards, indicating that the upward momentum is getting stronger.
The 50-day (blue line) moving average is...
After clearing this resistence @ 64.50 last Friday, it is now likely to propel towards 75-76 where the next resistence is.
Long with initial stop @ 64 and scale out (at least partially) at 75-76.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk...
TSN (Tyson Foods) is the biggest producer of chicken/pork meat in the US. A triangle is drawn in the daily chart. Given the fact that restaurants are beginning to announce their opening in mid-June, demand for TSN products should increase. As can be seen, on the last report they were strongly sold, but the price did not come out of the growing channel. On the...
$TSN is trying to hold above both 50SMA and 20SMA. To start an uptrend it needs to get above $63.19. after that the target price will be $74.50
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Higher lows, increasing RVI, volume on the incline, and a large volume gap between 64-77. Keep an eye on this! It may continue to coil for the next few days but people gotta eat and so will this stock.
An individual stock trade that I'm taking on Webull. Classical trade, noting the fact that TSN has put in a double top formation and is breaking down from the Point of Control of it's latest range with rising Volatility indicated by WAE. Parallox signals bearish, Voss signals bearish entries. Fundamentals are also strong here, as Tyson has recently had to close...
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.
