HSY has been a slow mover but I hope chocolate never goes away! Long when descent from rising wedge is complete
HSY was trading in an ABC bullish pattern for a while but looks to be forming a cup and handle
ABC targets are 152.10 162.1
Also was in a falling wedge down at the bottom which ended up being bullish. HSY broke through the falling wedge only to get caught up in a bearish rising wedge
Handle is forming and when descent from rising wedge comple, I feel this would be a safe long term buy for me. Not a recommendation
Technical Analysis is by no means an exact science...we just do the best we can remembering mistakes help us learn..and losing money makes me learn super quick! I am trying to take my time, buy red and sell green, and stay away from my computer if I am tired or just not in the mood. It happens!
We all have our own likes and dislikes..so trade with your gut
HSY was trading in an ABC bullish pattern for a while but looks to be forming a cup and handle
ABC targets are 152.10 162.1
Also was in a falling wedge down at the bottom which ended up being bullish. HSY broke through the falling wedge only to get caught up in a bearish rising wedge
Handle is forming and when descent from rising wedge comple, I feel this would be a safe long term buy for me. Not a recommendation
Technical Analysis is by no means an exact science...we just do the best we can remembering mistakes help us learn..and losing money makes me learn super quick! I am trying to take my time, buy red and sell green, and stay away from my computer if I am tired or just not in the mood. It happens!
We all have our own likes and dislikes..so trade with your gut