Technical analysis: TYSON FOODS, Inc (#TSN)

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