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.
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.