Hershey about to get sweet! NYSE:HSY has been under pressure for the last 3 months since it put in the mega monthly reversal candle.
This is a clinical retrace and backtest of a key upsloping trend line and monthly bullish reversal.
It was good to see Hershey remaining strong and closing positive while markets were under pressure.
Typically seasonal periods get from run by investors. Most people aren't thinking about Halloween but smart money will be.
Humans also consume roughly 300-500 more calories a day in the summer as we're more active being outside. Some of those calories are often sweets that Hershey makes.
Fiod for thought...I'm bullish over the nect 3-6momths now that the dividend selling is complete.
Candy
HSY Trends, Price targets, projectionsLots of talk around this one.
Makes sense with swing state
Michigan and F probably having a similar issue
Either way, they make some good candy
Long term has been historically really good
Long term doesn't predict future
I'm leaving this mostly neutral because I have an idea/guess to the heading but I'm not at all confident in that.
If you want to know, leading towards bullish, barely. All depends on which trends start to break out and confirm movements and which price targets.
Either way, timing is weird for a swing state which may mean absolutely nothing, but still. Weird enough to question.
Push all politics aside, Do they make something good, lasting and sells itself?
Do you believe in it long term enough that even should you screw up a trade, you're backed up in the bullish direction.
When to enter?
Again, I'm just not sure at the moment.
Good luck and hope this chart might help!
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