HSY Facing Technical HeadwindsNoticing some bearish divergence on the RSI. HSY of late seems to be trading in a shape that resembles both an ascending triangle and/or a rising wedge. Due to my inability to tell which pattern it is trading in, I will remain neutral on Hershey at the moment. However, the stock has seen quite a run-up in price (since Covid), so HSY holders now may be an optimal time to trim some of this position as market fundamentals and macro risks are looking increasingly problematic.
HSY trade ideas
$HSY is projected to have slight bullish outlook after earnings$HSY negative over reaction following its earnings release has PEAD projecting a slight bullish outlook for the stock placing it in Drift C with price currently trading between the Median line and the lower boundary of the projected PEAD cone.
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Cup and Handle HSY has been a slow mover but I hope chocolate never goes away! Long when descent from rising wedge is complete
HSY was trading in an ABC bullish pattern for a while but looks to be forming a cup and handle
ABC targets are 152.10 162.1
Also was in a falling wedge down at the bottom which ended up being bullish. HSY broke through the falling wedge only to get caught up in a bearish rising wedge
Handle is forming and when descent from rising wedge comple, I feel this would be a safe long term buy for me. Not a recommendation
Technical Analysis is by no means an exact science...we just do the best we can remembering mistakes help us learn..and losing money makes me learn super quick! I am trying to take my time, buy red and sell green, and stay away from my computer if I am tired or just not in the mood. It happens!
We all have our own likes and dislikes..so trade with your gut
BUY to HERSHEY COMPANY Hey my friends, HERSHEY COMPANY gives a false bearish signal, buyers still have their hands on it, despite the large buying volume offered. HERSHEY COMPANY is not ready to turn around, possibility of breaking out the consolidation zone from above to climb into the new consolidation zone and reach the last previous higher. After seeing the decision on the future price of buyers or its direct rise to start falling.
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Bottom Fishing Falling Wedge Falling wedges can be bullish if a stock breaks up and out, rising wedges are usually bearish
Hsy is trying to break out of falling wedge pattern but I wait for 2 closes out of falling wedge or 2 bullish candles
Plus earnings are close by
HSY was for a long time a counted on stock without volatility
Not anymore and just has not been able to come back since the stock caught the virus (o:
HSY missed earnings in April. Next date is soon 7-23 BMO
They seem to miss often so not touching it with a 10 foot pole until after earnings..but I know folks did not stop eating chocolate?
Not a recommendation
HERSHEY: $154 takes the Lead WITH SUGAR at $14/tonHershey (HSY): $154 <-- $83 Kitkat, Kisses, Reese's ETC . this sexy stock rewards those loyal sweet tooth (+70%)
Mondelez (MDLZ): $55 <- $36 makers of our very own OREO NABISCO RITZ etc making decent gains of (+50%)
Tootsie Roll (TR) $$34 <-- $26 Frooties and Classic Tootsie that gave decent gains as well
the underlying asset SUGAR (+28%) provides decent life to PLANTERS TRADERS and DEALERS
for Local Philippines the SUGARLANDERS should be upsizing positions and leveling up lifestyles
with new MANSIONS CARS and lavish parties again..
Listed issues in the business of AGRI AGRO etc..
CAT: ₱16.0
ANI: ₱12.0
DELM: ₱5.0
VMC: ₱2.55
FRUITS: 1.80
RCI: ₱1.75