General Mills Stock Looks To Break Through Resistance
| Dec 29, 2021 07:57AM ET
If we look at the General Mills (NYSE:GIS) chart, we can see its upward trend since the start of the week, climbing slowly and steadily from the $64.5 support range to the $65.5 on Dec. 24, crossing $66 yesterday.
The first support base is at the $65.7 price range, and the overhead resistance is at $67. Today we could expect a move past the $67 resistance level, as it managed to consolidate and hold on to its gains during the past week after its steady climb.
If it fails to break the $67 resistance, the stock could move near the first support level at $65.6.
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