HSY is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Sideways movement between parallel supports.
Technical analysis of Hershey Company (The) (HSY) reveals a significant setup. With a last close of $174.3, volatility remains active (1.25%). Price action has carved out a classic Bearish Flag. The trend indicator is reading 11.6/100, suggesting moderate momentum. A potential breakout level is identified at $168.75, targeting $136.52 with support near $177.66 (R:R 3.62).
What is your outlook on HSY?