lauralea

The Bottom Fishing Club: Tyson Foods

NYSE:TSN   Tyson Foods, Inc.
Earnings Miss.

How low will she go?
Price has dropped below the .786 and slightly above the .886 of the trend up.

Covid low is 42.57.

Bearish red candle on the gap down meaning further drop possible. Time will tell.
Watch for a bounce up soon...known as a Dead Cat Bounce.
These bounces can be a good place to sell if you owned this before the drop. Also good for a very short term long.
No recommendation
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.