Thursday, February 03, 2011 10:08:17 PM
HSY - it is rare to find them this bullish. Again, one to lock away, adding all the way up:
Long term 10 yr, a true CANSLIM - type cup and handle (target 75):
1yr, shows the handle portion as a possible continuation rectangle (target 57.50):
10 minute, showing continuation pattern that points to break outs on the longer term patterns are ahead:
This could easily pull back into a longer handle (see 10 yr) but rarely are they so clear and easy to trade with the backdrop of such bullish charts. A true no-brainer.
Long term 10 yr, a true CANSLIM - type cup and handle (target 75):
1yr, shows the handle portion as a possible continuation rectangle (target 57.50):
10 minute, showing continuation pattern that points to break outs on the longer term patterns are ahead:
This could easily pull back into a longer handle (see 10 yr) but rarely are they so clear and easy to trade with the backdrop of such bullish charts. A true no-brainer.
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