Technical analysis: TYSON FOODS, Inc (#TSN)
- Francesco Bergamini
- Jun 29, 2021
- 1 min read
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
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