Tyson Foods, Inc. is an American multinational company headquartered in Springdale, Arkansas, which operates in the food industry.
Tyson Foods has recently retraced to an important support level at $ 72.00 which we think may offer good bullish upsides in the short term.
The price is now just below the 100MA: exceeding $ 74.00 could lead the stock to quickly gain at least 5%.
The price has formed a "hammer candle" at $ 72.00 which could signal a turnaround
MACD looks to be close to a bullish crossover
RSI has left the oversold zone and may have room to support a bullish movement
Entry price $73.50 - $ 74.50
Target 1 $78.00
Target 2 $ 80.00
Stop loss $ 72.00
OTB Global Investments
29 June 2021