Falling wedges can be bullish if a stock breaks up and out, rising wedges are usually bearish
Hsy is trying to break out of falling wedge pattern but I wait for 2 closes out of falling wedge or 2 bullish candles
Plus earnings are close by
HSY was for a long time a counted on stock without volatility
Not anymore and just has not been able to come back since the stock caught the virus (o:
HSY missed earnings in April. Next date is soon 7-23 BMO
They seem to miss often so not touching it with a 10 foot pole until after earnings..but I know folks did not stop eating chocolate?
Not a recommendation
Hsy is trying to break out of falling wedge pattern but I wait for 2 closes out of falling wedge or 2 bullish candles
Plus earnings are close by
HSY was for a long time a counted on stock without volatility
Not anymore and just has not been able to come back since the stock caught the virus (o:
HSY missed earnings in April. Next date is soon 7-23 BMO
They seem to miss often so not touching it with a 10 foot pole until after earnings..but I know folks did not stop eating chocolate?
Not a recommendation
Note
Beat and raised dividend (o:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.