Oct. 1 at 6:25 PM
$CPB historically the chart will show that upswings with this company, even with good tailwind typically takes 2-4 months.
It’s never parabolic, has dozens of support lines from decades of existence and some of the longest holders in the market.. it’s slow, bumpy and resets constantly even in a "breakout”..
It’s not exciting, and for a swing trader like myself it’s about as long as I’m willing to go.
I don’t enjoy defensive stocks, they’re boring and I only buy them when the indicators tell me it’s time.
All that said, if you’re here for the short term like me, but don’t have experience with this stock I can tell you it’s gonna take a few months. I’ve done this several times, so my guess is it will probably be between Thanksgiving and Christmas.
Im shooting for a
$39 exit point, 2100 shares deep at a
$32 average.
Easy enough.
Don’t listen to bears, or shorts, they lie to win.
Just hang on.
If my plans or outlook change, I’ll post my thoughts. Steel hands!💪🏼🫵🏼
