Jul. 16 at 6:56 PM
$GIS Patience pays, and structure always wins.
We’ve been quietly building and holding a core long position in General Mills since we mapped out the 52-wk lows in the
$30 range back in June. Today, the technical picture is actively validating that high-conviction entry with absolute precision.
Looking at the daily chart, GIS is triggering a massive Inverse Head & Shoulders breakout in real-time. The horizontal neckline at
$37.94... which has acted as stiff resistance for months... is being obliterated today, with the stock currently up 5.00% and trading right around
$39.08. This isn't a lazy drift higher; we are seeing a high-volume, institutional-backed thrust that is actively slicing through both the 50-day (
$34.61) and 100-day (
$36.46) SMAs.
Under the hood, the momentum oscillators are completely aligned. The RSI (14) has accelerated to 67.21, signaling strong, sustainable buying pressure, while the MACD continues its bullish divergence. Our immediate upside target from here is a date with the descending 200-day SMA, currently sitting near
$41.69. If we get a backtest of that
$37.94 breakout level on an eventual pullback, expect it to act as strong structural support.
Let the pattern do the heavy lifting. I am letting this winner run. Giddy up!
