TSN trade ideas
So we going to break through this time?Those are some charged green candles coming up towards that resistance line.
Tyson technical/fundamental bull analysisFundamental analysis
With all the hype around Beyond Meat meatless burgers. Tyson (TSN) who is a now official competitor on this semi-new (not only for vegetarian) market could be a gainer.
Technical analysis
RSI @48 trending higher (could be stronger)
OBV confirming at all time high
We made a head and shoulders (shown on chart), with a positive uptrend on the support level.
Price target as well as stop-loss limit are drawn in the chart.
Happy trading!
dorfmanmaster
Volatility expected on Tyson investor day June 20th.The scheduled investor day should have some very interesting discussion regarding the Beyond meat issue and the launch of their own plant based meat substitute.Look for a test of resistance which has already confirmed to be a very strong barrier to further advance.
AVERAGE ANALYSTS PRICE TARGET $83
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
Tyson Foods, Inc. engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork, and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales from allied products. The Beef segment includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. The Pork segment comprises operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. The Prepared Foods segment manufactures and markets frozen and refrigerated food products and logistic operations to move products through the supply chain. The company was founded by John W. Tyson in 1935 and is headquartered in Springdale, AR.
TSN Bullish Day Trade Positive CatalystTSN is breaking all time highs and going up premarket. Its following in the footsteps of BYND, announcing alternatives to traditional meat recipes. Its sending the price up high above all time highs which is 83.15
I would go long if it keeps making higher highs and higher lows on the 5 min chart. It needs to give me an entry signal which is a pullback against the trend. I wouldn't go long if it gets below 83.15. The Daily chart is very strong so I would only consider taking it for a long not a short.
TSN Trend Angle of Ascent RiskTSN has been trending up, rising out of its short-term bottom that completed in February. The trend Angle of Ascent is steepening, and speculation increases. Entries at this level are higher risk.
a beautiful chartA beautiful chart, an earnings beat, great industry fundamentals for pork (swine flue) and chicken (better pricing) and possible an end of the China trade war show a clear path to $84.
