Tyson looks overbought on RSI as of closing today, nice upward trending pattern as well.. clear areas of higher lows and higher highs. Expect an overall bullish sentiment, but i see a nice retracement on the way to short it. Maybe a little wiggle room up to 71 price range if you look farther to the left, there is a prior structure high there.. but i don't see it...
Upper Fibonacci levels hold during today's session. Getting out of the Bollinger Band Squeeze with the upper band force (out of price consolidation). This could easily see the $62-$63 levels pretty soon (Ceteris Paribus). RSI in the 50's, $61 the next spot 50SMA. Look for the $59.61 breakout.
19.05.17 Signal for a potential bottom from one of my dBFIs Awaiting confirmation
FUNDAMENTALLY APPEALING AND LEFT OUT Tyson Food is a consumer non-cyclical stock which has been left out of the "Trump" rally. Fundamentally appealing, defensive growth story (ROE 18.32%, 5yr rev growth 2.86%). The consensus has a BUY recommendation with 13% upside. Valuation is appealing, below market (P/E 13.9x). TECHNICALLY INTERESTING FORMATION TO TRADE -...
Looking to play long if TSN breaks above this channel.
TSN is offering an interesting time at mode short setup. The potential downside is considerable if this trade works, making it an attractive trade. Good luck if taking it. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals...
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