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TYSON FOODS DRNTYSON FOODS DRNTYSON FOODS DRN

TYSON FOODS DRN

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TSNF34 trade ideas

$TSN - Solid long opportunity Definitely don't care for the chart long term as much as I should if I were to get long, but definitely confident in the potential of an impulse move that getting long would easily be a more profitable move. Noticed chart last night as I was going over upcoming ER, & I think with the earnings that came in more of a surprise than most originally thought - could add fuel to the fire. Semi-popular type of setup w/ the gap below 3 year WMA (First seen on $TSLA back in April). So goes without being said - down side re-trace is definitely possible too. I think we'll have to see an up-side of $65-$70 first before dropping back down (I'd be quick to take profits). But great opportunity for upcoming next few weeks.
NYSE:TSNLong
by DerekD_
Tyson Overbought?Tyson looks overbought on RSI as of closing today, nice upward trending pattern as well.. clear areas of higher lows and higher highs. Expect an overall bullish sentiment, but i see a nice retracement on the way to short it. Maybe a little wiggle room up to 71 price range if you look farther to the left, there is a prior structure high there.. but i don't see it shooting up past that point. Expect a drop down to support zone one marked as the first horizontal line, and possible down below to the second support line.
NYSE:TSNShort
by mcmutton23
Fundamentally appealing, technically left outFUNDAMENTALLY APPEALING AND LEFT OUT Tyson Food is a consumer non-cyclical stock which has been left out of the "Trump" rally. Fundamentally appealing, defensive growth story (ROE 18.32%, 5yr rev growth 2.86%). The consensus has a BUY recommendation with 13% upside. Valuation is appealing, below market (P/E 13.9x). TECHNICALLY INTERESTING FORMATION TO TRADE - Failed twice to break the historical high - Consolidated significantly on the back of disappointing earnings - Has formed a base off the 50% Fibonacci retracement of the major up-move initiated last year (see long term chart below) - Has broken out off a rounding top once - Is attempting to breakout again off another rounding top MARKET TIMING COMPELLING FOR DEFENSIVE INVESTMENT The current market context provides uncertainty - Index up to historical high - At the same time, volatility is up from low levels - Rate rises knocking at the door - Speed of future rate rises yet unknown ==> Want to stay exposed to equities while managing risk ==> Buy defensive sectors/stocks with a clear fundamental and technical story PLAIN VANILLA LONG INVESTMENT Buy at the current level TARGETS 64.37 / 72.00 / 77.00 STOP LOSSES 56.00 / 54.50 Main risk: Unfilled gap taking us to 54.00
NYSE:TSNLong
by HAL9000
TSN: Interesting short setupTSN is offering an interesting time at mode short setup. The potential downside is considerable if this trade works, making it an attractive trade. Good luck if taking it. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NYSE:TSNShort
by IvanLabrie
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