Thursday, January 13, 2011 10:55:07 AM
HSY getting another leg up this morning. Approaching the top of a continuation rectangle with resistance at 51.40. Once over, the target is the width of the rectangle added to this resistance / breakout line which, here, is 57.80.
Here is why HSY is my favorite long-term hold, a great IRA type stock to sit on and add at each valley: The long term is a clear cup and handle (there is also a measured bull move here) with target at 70.
I have been accumulating this and LEAPS on this from 45 - 46 price levels.
Here is why HSY is my favorite long-term hold, a great IRA type stock to sit on and add at each valley: The long term is a clear cup and handle (there is also a measured bull move here) with target at 70.
I have been accumulating this and LEAPS on this from 45 - 46 price levels.
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