Fundamental analysis
With all the hype around Beyond Meat meatless burgers. Tyson (TSN) who is a now official competitor on this semi-new (not only for vegetarian) market could be a gainer.
Technical analysis
RSI @48 trending higher (could be stronger)
OBV confirming at all time high
We made a head and shoulders (shown on chart), with a positive uptrend...
The scheduled investor day should have some very interesting discussion regarding the Beyond meat issue and the launch of their own plant based meat substitute.Look for a test of resistance which has already confirmed to be a very strong barrier to further advance.
AVERAGE ANALYSTS PRICE TARGET $83
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
Tyson...
TSN is breaking all time highs and going up premarket. Its following in the footsteps of BYND, announcing alternatives to traditional meat recipes. Its sending the price up high above all time highs which is 83.15
I would go long if it keeps making higher highs and higher lows on the 5 min chart. It needs to give me an entry signal which is a pullback against the...
TSN has been trending up, rising out of its short-term bottom that completed in February. The trend Angle of Ascent is steepening, and speculation increases. Entries at this level are higher risk.
A beautiful chart, an earnings beat, great industry fundamentals for pork (swine flue) and chicken (better pricing) and possible an end of the China trade war show a clear path to $84.
Potential move lower for TSN. Consumer goods sector is also in the same direction for a couple of weeks now.
SSB: All entry rules remain, only opposite.
