HRL touching weekly 200 period moving average.
HRL fell below is 200 daily moving average which shows its in a downtrend. If we zoom out a little further to the weekly chart, we can see where its tested this support several times.
Its fallen outside of the lower Bollinger Band on both the daily and weekly chart. I am a mean reversion trader and I think we may find support here.
I am long leaps with leaps here.
Its fallen outside of the lower Bollinger Band on both the daily and weekly chart. I am a mean reversion trader and I think we may find support here.
I am long leaps with leaps here.
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