Tyson Foods Puts
TysonChicken ( TSN ) Short
1.News
2.Rising Channel
3.Ascending Triangle
4.The Trade/ Entry,Stop Loss, Take Profit
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
1.News
2.Rising Channel
3.Ascending Triangle
4.The Trade/ Entry,Stop Loss, Take Profit
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
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.