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HRL approaching Monthly 200MA

Hormel Foods Corporation (NYSE:HRL)  
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NYSE:HRL   Hormel Foods Corporation
Chart Patterns Technical Indicators Moving Averages
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chartpattern indicator movingaverage
Since an ATH of $55.11 in April of 2022, HRL has declined -47%.
HRL has never been priced below its monthly 200MA.

If HRL produces positive ERs on Thursday 2/29, it could be set up for a solid technical bounce from its monthly 200MA.

Monthly oversold RSI... If monthly 200 support ultimately fails, I'll be watching the yearly S1 pivot area as next possible support.
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