Tyson Foods (TYS) - Wedge Breakout
Updated
Tyson food has been recently hit with supply chain issues and is currently ranging in a tight wedge.
We could see one last test of the upper band, however, the probable play is a breakout to the downside.
Note: Pay attention to
TYS news for the determination of your exit strategy as things can easily get worse or better.
Stop loss above the upper band.
We could see one last test of the upper band, however, the probable play is a breakout to the downside.
Note: Pay attention to
TYS news for the determination of your exit strategy as things can easily get worse or better.Stop loss above the upper band.
Comment
Trade with caution until confirmation of break down on the 60m chart closure below the lower band. Scalping is in play from lower to higher band with low to moderate risk.Looking for a breakout in futures session which should continue into 4/22 trading session.
Comment
Edited: incorrect ticker listed 
TSNTrade closed manually
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.