The PEAD projected a Bearish outlook for $GIS after a Negative over reaction following its earnings release placing the stock in drift C
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NYSE:GIS Dont pe put off by the lines on the charts, its support turned resistance, basic price action!
📚General Mills has touched the top of its bearish channel. It could make one final push down to $52, before reversing. Should price break out of this bearish channel, it could continue to $61 then $63 and then $65, representing three target levels for a long...
The PEAD projected a neutral outlook for $GIS following a positive under reaction reaction to its earning release placing the stock in Drift A
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Monthly Support line
Daily demand is confirmed.
Entry 59.5
Stop 56.5
Target1 65.5; RRR 2:1
Target2 72; RRR 4:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Show Me the Money! 3 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
General Mills (GIS) released robust fiscal fourth-quarter 2020 results, with the top and the bottom-line surpassing consensus estimates. Moreover, earnings and sales increased on a year-over-year basis. The company’s adjusted earnings per share of $1.10 increased 33% year over...
rejection below 60.7 coupled with a support and a long candle signals a long
Today's close should give me the last indicator I need to long.
Will update.
