Tyson Foods to Drop ‘No Antibiotics Ever’ Label on Some Chicken Products
Tyson has a major drop on earnings Rising Channel
A rising channel has developed in the past 3 days The start of the rising channel started at $49.21 The ending of the riding channel ended at $51.20. There is a $2 dollar difference, that could be use for profit.
Ascending Triangle Has Developed Bull activity is showing weakness at the price $51.20 After the ending the ascending triangle it shows price action favoring the downside.
Price is trading to the bottom side of the Ascending Triangle. The Trade Im interested in a entry around with a nice short setup $51.20 5 Put Option Contracts My take profits will be at 50.69 for three contracts, but if there is aggressive selling I will stay in until $50.31 Stop loss is at 51.30
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