LT FOODS - 7 MONTHS OF SUPPLY ZONE BREAKOUTSUPPLY ZONE & 7 MONTHS BREAKOUT
Breakout point - 220
ENTRY - 220
SL - 210
TARGETS - 250, 280
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Foodsector
KR a food sector leader for a safe modest trade LONGKR in early August rose from its usual range into a head and shoulders from which
it trended down into its present lower base. I see this as a good setup for a long
trade to reach to and possibly beyond the mid Fibonacci retracement levels also
confluent with horizontal R/S lines drawn from the pivots to the left. I will take
the very safe long trade taking partials at the levels above as drawn onto the chart
with 30% at the 1st and 2nd partials and 20% for the 3rd and last. I will also
take a trade in some call options. If you would like my idea of the best calls
in my opinion, please leave a comment.
TSN recovering from drop and pullback after Earning Miss LONGTSN is shown here on a 4H Chart. It upended for a month into earnings and then
disappointed with a miss. Following a drop from the miss, it has struggled to
regain its price level. At this point, price has crossed over the POC line on the
volume profile suggesting a preponderance of selling pressure Likewise in confluence
price has crossed over the mean basis line of the Bollinger bands while the RS
indicator shows lines at above the 50 level. I see this as suitable for a long entry
while expecting the price to gradually more up as traders consider whether to take
a position after the retrace from the earnings miss. While this is not in a glamorous or
hot sector, the food industry seems well suited to grind out some profits while
the general market recalibrates and corrects.
Kohinoor breakoutKohinoor a adani company was a very good rice mile industry with a good name this year the rain was average due to these less the productivity of rice has been decreased and less tons of rice has been grow soo we expect some rise in the price of rice in upcoming 2-3months soo kohinoor was In focus it also give a good breakout buy it above at
Buy kohinoor at 84.2
Our target 89, 98, 116, 130
Sl 73
We except to achieve all the target on upcoming 6 month but for the long period sl has been Increased to 65
Tyson Foods, following the pathSupport level at $ 60.
Resistances at $70 (61.8% of the Fibo) and $80 (78.6% of the Fibo).
Expected return between 7 and 23 percent at current price during this quarter.
Close to breaking a triangle (bullish)
Initiating a bullish channel.
Exposure in more than 170 ETFs.
80.39% institutional property.
Vanguard, BlackRock, State Street, and Invesco as its main investors.
EMA awaiting trend.
NYSE:TSN