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

Kommentera:

Using the 6month candles, you can clearly see the up trend and the demand zones with the giant bull hammer candles