Tyson Foods TSN Herd Mentality Bounce on Bottom Trend Line
تم تحديثه
Hello Traders,
Here is my chart for Tyson Foods TSN. You can see the price is bouncing around inside a rising wedge and is about to touch the bottom trendline. The RSI is oversold with bull div. I expect a generic herd mentality bounce on the trendline with a target being the top trend line.
Lets see.
Here is my chart for Tyson Foods TSN. You can see the price is bouncing around inside a rising wedge and is about to touch the bottom trendline. The RSI is oversold with bull div. I expect a generic herd mentality bounce on the trendline with a target being the top trend line.
Lets see.
ملاحظة
On the monthly chart the RSI is approaching oversold levels. It seems logical for a bounce here even if its just a trader/algo bounce.ملاحظة
The price did bounce from the $47.09 level at the start of my chart idea and is up 19%. If the price breaks past the previous LH I expect it to reach the target in the red box which will also be at the top of a potential wave 5, and the price might retrace. Lets see. تم فتح الصفقة
Hello Traders,
It has been 9 months since I updated this chart idea.
Price still looks bullish. Here is my updated chart idea.
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