HSY 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!
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!