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GIS is completing a head and shoulders pattern targeting $30.26; however, the steep decline implies a potential near-term technical bounce to $35.54.
Look at this model. This is on the weekly timeframe in the GIS chart, General Mills. Look at this huge head and shoulders model . Okay, I'm not going to lie to you guys. When I first saw this model, I drew it a while ago.
I drew it in 2024. When I drew it, I said, "I do n't see this happening, guys. I don't see the possibility of the price movement coming here because the measured distance was too far ."
But I kept it on my chart and kept my target on it . Hey guys, look where we are now . We are inches or perhaps millimeters away on this chart from reaching the measured target, which is here at $30.26. It is currently trading at $31.68.