TSN Trend Angle of Ascent RiskTSN 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.
TSN trade ideas
a beautiful chartA 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.
Speculation on previous 'Descending Channel Breakout' ideaMaybe a little correction where we'll bounce of the descending channel and continue higher afterwards.
Descending Channel BreakoutTSN Performing a Descending Channel Breakout, posibilities open up for some Bullish Regains.
TSN downtrend continuationPotential 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.
Daily morning star reversal TSN!Can we see reversal here or more bears to come?
My thoughts: keep watching...
$TSN - Solid long opportunity Definitely don't care for the chart long term as much as I should if I were to get long, but definitely confident in the potential of an impulse move that getting long would easily be a more profitable move. Noticed chart last night as I was going over upcoming ER, & I think with the earnings that came in more of a surprise than most originally thought - could add fuel to the fire. Semi-popular type of setup w/ the gap below 3 year WMA (First seen on $TSLA back in April). So goes without being said - down side re-trace is definitely possible too. I think we'll have to see an up-side of $65-$70 first before dropping back down (I'd be quick to take profits). But great opportunity for upcoming next few weeks.
Average Black DayEarly signal for a dip from highest ever resistance. Swing reversal seen from oscillators
Tyson Overbought?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 shooting up past that point. Expect a drop down to support zone one marked as the first horizontal line, and possible down below to the second support line.
Long on TSN.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.
TSN - POTENTIAL BOTTOM19.05.17
Signal for a potential bottom from one of my dBFIs
Awaiting confirmation
Fundamentally appealing, technically left outFUNDAMENTALLY 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
- Failed twice to break the historical high
- Consolidated significantly on the back of disappointing earnings
- Has formed a base off the 50% Fibonacci retracement of the major up-move initiated last year (see long term chart below)
- Has broken out off a rounding top once
- Is attempting to breakout again off another rounding top
MARKET TIMING COMPELLING FOR DEFENSIVE INVESTMENT
The current market context provides uncertainty
- Index up to historical high
- At the same time, volatility is up from low levels
- Rate rises knocking at the door
- Speed of future rate rises yet unknown
==> Want to stay exposed to equities while managing risk
==> Buy defensive sectors/stocks with a clear fundamental and technical story
PLAIN VANILLA LONG INVESTMENT
Buy at the current level
TARGETS 64.37 / 72.00 / 77.00
STOP LOSSES 56.00 / 54.50
Main risk: Unfilled gap taking us to 54.00
