Hi guys how are you. Can you do me a favour and have a look at
Tyson for me. My father in law loves the stock and is looking fro
an entry point to go long. I have to try and keep him happy as you
can imagine!!
As thats what this is called usually. I know diddly about the
fundamentals, but the charts say Tyson has been hammered short term
and has broken the downtrend on the daily but would prefer to see
some +ive divergences on the momentum indicators before getting in
too heavy. The weekly has dipped below lateral support at 1546 and
may have been a fake. And the Monthly is at the 50/100/200 MA
support. where it has found strength many times before.
Not being averse to standing under the odd falling knife
personally, and although it is not suited to the faint hearted,
taking a nibble here with a tight stop and adding once it has
gotten above the weekly mid Bollinger Band would be the favoured
approach in my veiw...
TSN is definitely battered and obviously they are caught up in
rising commodity prices since this can/will affect their feed
prices. They have earnings BMO on 8/06 (Monday) and I
personally don't see anything screaming buy. I think for me
personally I might wait for the earnings and then re-evaluate -
maybe we can make a new divergent low. JMHO
at best I would look for it to base out some i.e. perhaps make a
new low with positive divergence, or rally to the 20 day MA and
pullback and form a RS of an inverse H&S etc i.e. show you
something. and like Tom said, earnings on Monday 8/6
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Tyson
Posted by ashplant on 2nd of Aug 2012 at 04:43 pm
Hi guys how are you. Can you do me a favour and have a look at Tyson for me. My father in law loves the stock and is looking fro an entry point to go long. I have to try and keep him happy as you can imagine!!
thanks
father in laws
Posted by payday on 2nd of Aug 2012 at 06:56 pm
The only way to keep your father in law happy is to look after his daughter!
Ask him why he loves
Posted by freddy123321 on 2nd of Aug 2012 at 05:54 pm
Ask him why he loves a stock?? Foes it bliw sweet kisses in his ear?
Tyson - Does your Dad(in law) like catching falling knives?
Posted by saturn6 on 2nd of Aug 2012 at 05:02 pm
As thats what this is called usually. I know diddly about the fundamentals, but the charts say Tyson has been hammered short term and has broken the downtrend on the daily but would prefer to see some +ive divergences on the momentum indicators before getting in too heavy. The weekly has dipped below lateral support at 1546 and may have been a fake. And the Monthly is at the 50/100/200 MA support. where it has found strength many times before.
Not being averse to standing under the odd falling knife personally, and although it is not suited to the faint hearted, taking a nibble here with a tight stop and adding once it has gotten above the weekly mid Bollinger Band would be the favoured approach in my veiw...
TSN is definitely battered and
Posted by tom on 2nd of Aug 2012 at 05:01 pm
TSN is definitely battered and obviously they are caught up in rising commodity prices since this can/will affect their feed prices. They have earnings BMO on 8/06 (Monday) and I personally don't see anything screaming buy. I think for me personally I might wait for the earnings and then re-evaluate - maybe we can make a new divergent low. JMHO
at best I would look
Posted by matt on 2nd of Aug 2012 at 05:32 pm
at best I would look for it to base out some i.e. perhaps make a new low with positive divergence, or rally to the 20 day MA and pullback and form a RS of an inverse H&S etc i.e. show you something. and like Tom said, earnings on Monday 8/6