Sawyer170

Double Top, Daily Chart, Short idea

Short
NYSE:HSY   The Hershey Company
I can't help but clearly see the large
double top formation, and when this
happens my gut tells me not to ignore it
since they tend to have a very high rate
of success playing out correctly, double
tops (M) and double bottoms (W).
Double Tops = downtrend upcoming and
Double Bottom = uptrend upcoming
It looks as if shorting to the target of
$200 - $180 would be a good idea. Getting put
options. Let me know what you think
Clause de non-responsabilité

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