Getting perspective on Tyson Foods

One of the B/O trades I have been stalking is in $TSN and during my recent chart review I noticed several distinct views worth noting that show how your perspective can change, or be confirmed, based on where you draw the Trend Lines.

To illustrate this, I have 3 different charts below to help show how perspective can be confirmed:

TSNThe chart above is with no Trend Lines, just a few standard moving averages and volume/MACD turned on. Now for a chart showing an Up Channel:

TSN_channelLooks pretty nice if you are long from August, well done if so. Now for a change in perspective I show you the B/O (breakout) play I am playing today:

TSN_breakoutI like to have only high probability trades, as I am sure you all do, and these 2 different chart views helped to solidify my Bullish thesis. Just a little extra work to create a few different charts can help a trader confirm their bias, or cause them to pause when they don’t agree.

I hope you are enjoying January Options expiration week, have fun today and tomorrow. 😉

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