Feb. 14 at 1:08 AM
$GIS finding some life here as it reclaims the 50-day SMA. While the long-term trend is still bearish, the short-term momentum is shifting with a nice 11%+ gain over the last month. Watching the
$49.00 level closely—clearing that could finally break the back of this year-long downtrend. 🥣
Bull Confirmation: Need a daily close above
$49.02 (Pivot Resistance) to confirm the short-term trend reversal and target the gap fill toward
$51.27.
Bear Confirmation: A break below
$46.95 (Volume Support/S1) would signal the relief rally is over, opening a move back to the 52-week low of
$42.79.
Key Levels to Watch:
🟢 Bulls:
$49.02 |
$50.15 |
$51.27
🔴 Bears:
$46.95 |
$45.70 |
$42.94
#hovdid #GIS #GeneralMills #ConsumerStaples #Stocks
