Conagra Brands (CAG): Bull Run has Much More to Go!
Conagra Brands (CAG) completed one full round of impulse sequence as can be seen in the below weekly chart. The second round is still in progress and likely has just completed wave 3 and is now correcting for wave 4. The final wave 5 should continue delivering all time new highs. The first ABC was wide and overlapping and so wave 4 should be more simple. Bottomline, the bull run is not even close to completion.
The big picture is what'll show how all the subwaves and larger degree of trends jive. The first sequence of white impulse is the subwave component of blue (1) and the ABC the same for blue (2). So, blue (3) likely has wave 4 and 5 remaining as subwavse. Wave 4 is subdived as simple ABC. It could be that blue (1) is extended but it's also likely that blue (3) could extend much higher than labeled.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.