Thread by @malteseinvest

Analysis: #NYSE $CPB

Case 314 #Campbell Soup Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CPB 1/4

Chart 1
Weekly Chart: Good #support found at the 2009 #trendline coupled by an upside #momentum build enabled the break above long term trendline #resistance but price action has become very messy in 2020. .....

CPB 2/4

..... #Pivot resistances seen at 54.95 and 59.90 - a clean break and hold above the latter is required. Expecting volatility and chop to increase further up.

CPB 3/4

Chart 2
Daily Chart: Sellers at the pivot resistance 53.83 and now trading is confined to a triangle within an $8 range.

The #Strategy is printed on the image.

$CPB 4/4