GIS breakoutSure, the general market is weak but NYSE:GIS just printed a beautiful breakout, with decent volume.
GIS trade ideas
06-28-2022 | GIS | GuidanceJournal Entry
Bias: Positive.
Sentiment: Optimistic.
Emoji (emotion): Good 👍.
Null Hypothesis: Buy.
Alternative Hypothesis: Sell.
Signals: ...
Position: Day/Swing trade.
Notes: I'm anticipating the market to buy the earnings surprise 06-29-2022 BMO: www.estimize.com
Barron's Company Overview: www.barrons.com
Other: ...
Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry.
About the Security: "General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers. The Europe & Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks and dessert and baking mixes. The Convenience Stores & Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products and baking mixes. The Pet segment represents the pet food products sold in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores and farm and feed stores, e-commerce retailers, military outlets, hardware stores, veterinary clinics and hospitals and grocery and mass merchandisers. The Asia & Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages and refrigerated yogurt. The company was founded by Cadwallader C. Washburn on June 20, 1928, and is headquartered in Minneapolis, MN."
About the Author: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I do strive to build an esteemed reputation with a prolific following and earn the titles of a Tradingview Wizard & Top Author; along those lines I'm a financial scientist and my contributions offered to the community are apart of my scientific journal or goodwill to mankind.
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
16/5/2022 NYSE (GIS)Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $72.65 / $72.27
Target Price: $73.34 / $73.04
Stop Loss: $71.50
$GIS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GIS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
$SLB $GIS $CHWY $SPY I OptionsSwing WatchlistSLB 2H I Bull flag on SLB. It develops technology and systems for drilling, production and processing oil and gas. Bullish activity picked up on SLB $45c 04/14 @ $0.63.
GIS 1D I Bull flag on the daily and MACD going bullish as well. Above average volume coming on the past few days. Keep on watch given recent supply chain issues.
CHWY 1D I We have a double bottom on CHWY near $37 and it seems to be flagging. Possible run up into earnings given bullish unusual options activity on CHWY $51c 03/18.
SPY 4H I Just as we pointed out, SPY is still trading within a downtrend as it keeps on making lower highs. We have strong resistance near $440 and support near $430.
GIS Cup&HandleGIS riding 52-week highs, price above short MA's, forming bullish cup and handle pattern, will be watching for continuation
After Dividends GIS Raised Prices...Will They CRUSH Earnings?Is GIS part of the global Supply Crunch? After several months our GIS retail play is holding up nicely but will they crush earnings? It seems they're poised to knock this out the park on 12 21, but anything could happen. Please DYOR before jumping in to GIS, read their prospectus & recent SEC filings, so there are no surprises. Full disclosure considering cutting bags here. We're done at the grocery store this quarter, & may look to rotate back into sectors that are down.
Grain Supply ChainI read some stuff on social media bashing General Mills about price increases. While I don't agree with corporate greed, rising prices and outlandish CEO pay, I also don't agree with sitting back & doing nothing. I don't have all the answers but I did get into supply side trades last year. I wont give away all the details, but not buying the obvious things that people need every day to live is pretty...dull to say the least. You know what you use, what your kids like & what moves the markets. Having the information is just knowledge, using the info you have to make actionable PROFITABLE decisions is wisdom. Anything commodities related, is likely to get squeezed by inflation. Inflation, you know printing trillions of dollars in worthless junk currency? It was bound to make prices increase. The pandemic, & the supply chain crunch made it all that much worse! But! This could be an excellent buying opportunity for you, if you act. Doing nothing in life is very costly, & missing out on supply chain/inflation/pandemic trades is just plain lazy. Good luck!
General Mills is lagging behind the bull Markets General Mills is lagging behind the bull Markets , it can fly to $82
May 2021 going long GISRisk 0.5% and volatility 50%. we hope it can growth 5 times minimum at 10 years. at least we hope it can give us 50% growth in 1 years
good Opportunity in pullback of breakout of channelprice breaks correctional downside channel and now it is good Opportunity to go long.
I was wrong about GIS!I thought that price would go down because it was accumulating just above the 200/233ema with notable volume, so I thought it would go down after that, but I was totally wrong and price rallied a lot after that.
$GIS with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $GIS after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
💡$GIS🌾 General Mills at key level - break out?💰+11%🏌️♂️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 trade. Monday’s candlestick should indicate the short term future of GIS stock.
$gis bouncing off oversold levels; downchannellong scalp maybe, careful though in long term down channel
General Mills target price at $49.24 -12.5%General Mills has broken a triangle that may lead the price to $49.24, -12.5% from current price
GIS #1Guys in this situation, you can thoroughly speculate, while the trend has not ended yet. I’m doing the best I can
