I guess a rumor about its naturally raised meat (or lack
thereof), caused a massive selloff yesterday. Anyone know
more about this? The chart looked good until yesterday.
I have not been able to follow the market very closely so any
input would be appreciated.
I would say the chart has looked like it was consolidating for a
while, so a drop down to previous support would not be out of
the ordinary. The real question is what happens if it breaks
this area. For now I would say be cautious with a stop below
the support area as the bearish candle is in charge until it's not.
Hope this screenshot comes up
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
CMG
Posted by oops1e on 28th of Jun 2012 at 08:42 am
I guess a rumor about its naturally raised meat (or lack thereof), caused a massive selloff yesterday. Anyone know more about this? The chart looked good until yesterday. I have not been able to follow the market very closely so any input would be appreciated.
CMG
Posted by johnc on 28th of Jun 2012 at 08:54 am
I would say the chart has looked like it was consolidating for a while, so a drop down to previous support would not be out of the ordinary. The real question is what happens if it breaks this area. For now I would say be cautious with a stop below the support area as the bearish candle is in charge until it's not. Hope this screenshot comes up