TSN is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for Tyson Foods (TSN) on the daily chart. Price has moved to $57.45 (1.23%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $54.63, targeting $49.13 with support near $59.18 (R:R 1.21).
What is your outlook on TSN?