ConAgra Monthly Buy at/near $20 area with Target of $50
ConAgra has been in a steady up trend its entire history of nearly 40 years. Price has hit $40 and rejected twice.
Last time it reached a whole number at $30, it fell down to $10 or lost $20
This time I am expecting it to fall another $20 and reach $20 a share
It rallies up $30 last time and so I am expecting it to do the same and rally $30 to reach $50 per share
The peak formation low is prime buying demand and so I will be buying at $20 to ride it up to $50 per share.
Conagra gives about a 3.5% dividend annually and with the projected 10 year holding to reach $50 per share, this will pad my portfolio nicely
Last time it reached a whole number at $30, it fell down to $10 or lost $20
This time I am expecting it to fall another $20 and reach $20 a share
It rallies up $30 last time and so I am expecting it to do the same and rally $30 to reach $50 per share
The peak formation low is prime buying demand and so I will be buying at $20 to ride it up to $50 per share.
Conagra gives about a 3.5% dividend annually and with the projected 10 year holding to reach $50 per share, this will pad my portfolio nicely
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Using the 6month candles, you can clearly see the up trend and the demand zones with the giant bull hammer candles
