TSNF34 trade ideas
$TSN swing trade idea Added on the dip today, think I am seeing buyers accumulate here. I began a starter so will look to add more if chart holds.
TSN Round UpTSN is forming a rounding up formation on higher volume. It is basing above its moving averages. I'm looking for a follow thru to the 65.5 level for a short term play.
$TSN got a good week coming up It broke out of a descending triangle. Over 5%. It's a bit sideways now but not only do I not see this dropping I think ER will be a positive change in comparison to the last 2 quarters. IMO 65$ will be reached and if it breaks through that $68.
Hint: They announced that they're hiring hundreds of extra workers. Business can't be bad if you're trying to keep up with demand.
daily analysis of tayson foods inc Hi friends
the daily chart of this market will experience an uptrend in the coming days but we must be vigilant of the change of direction towards the opposite
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LONG TYSON FOODS... PEOPLE HAVEN'T SUDDENLY STOPPED EATINGGOING LONG TYSON.
MIGHT HOLD TO $80 RANGE
GOOD LONG TERM INVESTMENT
*NOT INVESTMENT ADVICE.. DO YOUR OWN DUE DILIGENCE
TSN - Consolidating for a jumpTyson Foods has seen some serious sideways action since the coronavirus price correction has begun. Though it appears that a majority of this price action is accumulation. The highs are consolidating at higher lows and on it's recent breakout attempt it stayed above the 0.618 Fib Retracement. This thing looks poised to make a big move.
Stoploss: 59.83
Takeprofit: 74.50
On its way upWould recommend buying now as it seems very bullish, if you miss it (don't get in before $70), it should go dip as it has in a year or two. I will be buying more then.
Further upside expectedThe stock has just broken above neckline ($65.83)of an “Adman & Eve” pattern with a larger candle. The lightning cloud is above the thunder cloud and is heading upwards with narrow shapes. Also positive, the future cloud of thunder cloud is also heading upwards, indicating that the upward momentum is getting stronger.
The 50-day (blue line) moving average is turning up and is playing a support role. The daily RSI stands firmly above its 40% level and is heading upwards. The MACD is above its 0-level and signal line, while the MACD histogram is broadening up.
In this case, the stock is likely to go further upside and challenge its next key resistance around $77.03 (Oct 2019 low + around 250-day (red line) moving average ).
TSN - cleared resistence @ 64.50, momentum picking upAfter clearing this resistence @ 64.50 last Friday, it is now likely to propel towards 75-76 where the next resistence is.
Long with initial stop @ 64 and scale out (at least partially) at 75-76.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
TSN. Looking for enrty pointTSN (Tyson Foods) is the biggest producer of chicken/pork meat in the US. A triangle is drawn in the daily chart. Given the fact that restaurants are beginning to announce their opening in mid-June, demand for TSN products should increase. As can be seen, on the last report they were strongly sold, but the price did not come out of the growing channel. On the negative side, at the end of May one of their factories was closed due to the coronovirus outbreak. Yesterday the news came out that "Bernstein upgrades to Outperform with $83 PT". Average consolidated estimate of Price target on Yahoo Finance is $69, Koyfin is $68. Yesterday's drop was caused by the U.S. Department of Justice indicting Pilgrim's Pride Corporation (NASDAQ: PPC) CEO Jason Penn, former vice president Roger Austin, Claxton Poultry Farms President Michael Friss and Vice President Scott Brady for allegedly conspiring to set the price of chickens, The Wall Street Journal reported on Wednesday afternoon. (finance.yahoo.com). From my point of view, the paper needs to be monitored. Watch the bidding today and look for an entry point. The first option is to pick up in the area of 57.5 with a stop of $55 with further reduction. 2 option - if you return to the triangle, you would pick it above $61. If stock get confirmation for go out from channel - short will be good.
Tyson Foods $TSN$TSN is trying to hold above both 50SMA and 20SMA. To start an uptrend it needs to get above $63.19. after that the target price will be $74.50
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Shorts have a empty stomach...Time for a feed..SHORT TSNLimit order entry of $58.60
Target 1 $53.42 RRR 0.99
Target 2 $46.09 RRR 2.40
Target 3 $35.45 RRR 4.48
SL $63.87
Let's eat!!
TSN will shoot up if it can break above 66.23Higher lows, increasing RVI, volume on the incline, and a large volume gap between 64-77. Keep an eye on this! It may continue to coil for the next few days but people gotta eat and so will this stock.
TSN Short - Bet Against The BeefAn individual stock trade that I'm taking on Webull. Classical trade, noting the fact that TSN has put in a double top formation and is breaking down from the Point of Control of it's latest range with rising Volatility indicated by WAE. Parallox signals bearish, Voss signals bearish entries. Fundamentals are also strong here, as Tyson has recently had to close their largest plant due to Corona virus outbreak in Waterloo. Trade safely. All In, All Out Profit Taking strategy with fixed Stop Loss.
Tyson Foods (TYS) - Wedge BreakoutTyson 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.
Bounce or Break - Look Out BelowTSN is at a bounce or break moment. It is sitting on an uptrending support line (green). If it bounces there are a couple of resistance levels on the way back up to all time highs. If it breaks down below this line, there is a long way for it to fall before hitting any real (solid blue) support. There are a few weaker (thin blue) support levels on the way down.
