HSY ShortWith long term support broken, I am leaning on HSY testing equilibrium unless immediate sellside liquidity holds. Such a quality name, so it is very difficult to short but at least I am not going long yet!
0J4X trade ideas
HSY reaching a crucial stageThe high of right shoulder of head-and-shoulder pattern, which was formed in the first half of June 2023 (blue) was re-tested in the second half of June (purple). This second shoulder pattern broke the neckline (yellow) and the downtrend began.
HSY is close to a major support of 216. Price is likely to bounce from this support when RSI, too, would be oversold (approx. 20). This is also when Squeeze Momentum indicator is likely to turn dark red in colour, meaning that bearish trend is ending.
$HSY - 50 year correction coming?HSY stock has done incredibly well over the past 50 years, essentially in a constant upward trajectory. If you invested 13 years ago, you'd have x10 gains.
That being said, the ABC has completed inside the structure and at some point correction is in order.
While it's impossible to say when it's going to correct, structure like this tend to break to the downside more times than not. Could be 5 - 10 years from now, or could be next year. Who knows.
$NYSE:HSY swing trade idea (NFA)THIS IDEA WAS CREATED WITH A LOT OF HOPIUM, DO UR OWN DUE DILIGENCE.
I AM NOT A FINANCIAL ADVISOR. NYSE:HSY
The earnings were better then expected in the last 4 earnings which resulted on average
around 3-5% price increase.
The earnings date is on 27th july, I expect for them to beat the earnings hence the price
could increase as it did in the passed.
Year on Year they are increasing assets and decreasing liabilities.
Hence I think it can even be invested as long term, altho this should be taken with a grain of
salt. I am not a financial advisor
Also the RSI is really low, indicating the stock is in oversold territory. (it could be a great
time to buy in for the long term)
Stay safe.
Sector Review: XLV XLY XLPDiscussing a potential capital rotation trade.
We analyze Tesla, Amazon, Pfizer, Moderna, Hershey, and others to get a sense of what is going on.
HSY Hershey - Ready for major consolidationsHershey is ready, its soooo overbought on every level. Tip it.
HSY - Bull FlagHSY emerged from an 11-month sideway consolidation on 15th March and began a strong uptrend since.
A bull flag is now apparent there could be opportunity to trade the breakup (if it materialises). However, the trend is rather extended at the moment hence it is prudent to trade a smaller size at this juncture.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
HSY - Multiple TopsOn this chart, we are witnessing an all time high, with multiple tops.
Therefore we are short on this one and are expecting a run to the downside.
Also the MACD and RSI are both showing bearish indications.
We are ready for an entry, as the multiple tops are completed.
More details are shown on the chart.
Good luck!
$HSY with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $HSY after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
HSY who doesn't love chocolate for Valentine's Day As a leading manufacturer of chocolate and sugar confectionery in the United States, Hershey Co. is poised to generate significant profits during Valentine's Day with its well-known brands such as Hershey's, Reese's, Twizzlers, and Kit Kat. Despite the recent controversy surrounding the missing "tips" on its Hershey's Kisses, the company's holiday-themed packaging, such as heart-shaped boxes, is expected to boost revenue even further. In 2018, Hershey Co. recorded annual revenue of $7,791 billion, a 3.67% increase from the previous year. According to the company spokesman, Valentine's Day ranks as Hershey's fourth largest season, following Halloween, Easter, and Christmas. going to do a live stream to talk more about the chart
#HSY weekly bullish reversal @ yearly PivotHello dear Traders,
Here is my idea for #HSY
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Double Top, Daily Chart, Short ideaI can't help but clearly see the large
double top formation, and when this
happens my gut tells me not to ignore it
since they tend to have a very high rate
of success playing out correctly, double
tops (M) and double bottoms (W).
Double Tops = downtrend upcoming and
Double Bottom = uptrend upcoming
It looks as if shorting to the target of
$200 - $180 would be a good idea. Getting put
options. Let me know what you think
HSY in HSY in longer term account.. and added a little looking interesting and getting tight 235ish area..
HSY long entry because my strategy give signal, that all Stoploss at 223.66 (ATR x 1.5)
Move stoploss to break even when price hit 237.77
Kiss Hershey chocolates hello to $271!Hershey broke up and out of a Cup and Handle pattern.
The Moving Averages are all pointing up and looks good.
There is a retest on the brim level giving this a conservative entry for chart pattern traders.
Target = $271.00
CONCERNS:
With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with stocks gloablly.
$HSY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HSY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
HSY - breakout out from flag consolidationConsumer staples food products showing relative strength. Hersey Foods Corp showing leadership.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
HSY Facing Technical HeadwindsNoticing some bearish divergence on the RSI. HSY of late seems to be trading in a shape that resembles both an ascending triangle and/or a rising wedge. Due to my inability to tell which pattern it is trading in, I will remain neutral on Hershey at the moment. However, the stock has seen quite a run-up in price (since Covid), so HSY holders now may be an optimal time to trim some of this position as market fundamentals and macro risks are looking increasingly problematic.
Watching HSY for VCP breakoutLooks strongest in the weak market. Last few days were very tight with below average volume. Only time will tell :)
$HSY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HSY after a Positive over reaction following its earnings release placing the stock in drift B.
HSY 4h Wolfe Wave Bearish 4/4/2022A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
