We could be witnessing the biggest correction in General Mills history, again! For the 2nd time in 5 years! I trust in the golden fib, volume looks good, and RSI is low. If it makes it to the top of the channel it'll double in price in the coming years. This looks like a good candidate for Elliott Waves but I'm no good with them.
A lot of people think a recession is coming, if that is the case a lot of people will be buying general mills. More eating at home to save money = more groceries purchased. Looking at the previous financial recessions, General Mills lost 30-35% and recovered swiftly to even greater heights
Tariffs could also heavily affect general mills, which is why I DCA instead of 'aping fat bags'. Making money is hard, but holding onto it is even harder.
A lot of people think a recession is coming, if that is the case a lot of people will be buying general mills. More eating at home to save money = more groceries purchased. Looking at the previous financial recessions, General Mills lost 30-35% and recovered swiftly to even greater heights
Tariffs could also heavily affect general mills, which is why I DCA instead of 'aping fat bags'. Making money is hard, but holding onto it is even harder.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.