GIS GENERAL MILLS oversold (Hedge against recession)
Will update
Overview shows a similar pattern to the dot-com bubble where GIS acted as a strong hedge against the washup and the recession)
Its reputed as a 'boomer stock' that pays dividends
Beautiful trendline retracement (so far) and RSI reading is extremely oversold.
Worth taking a position, should pump to at least 70$ before any major further downside (which is highly doubt will happen here, but I can be wrong too).
Always practice Risk Management and trade safely.
Not Financial Advise.
Happy trading.
Overview shows a similar pattern to the dot-com bubble where GIS acted as a strong hedge against the washup and the recession)
Its reputed as a 'boomer stock' that pays dividends
Beautiful trendline retracement (so far) and RSI reading is extremely oversold.
Worth taking a position, should pump to at least 70$ before any major further downside (which is highly doubt will happen here, but I can be wrong too).
Always practice Risk Management and trade safely.
Not Financial Advise.
Happy trading.
Note
Note
while the market was dumping, boomer stocks were trading higher off the lowsprofits is all we were looking for
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.