Sweet Spot: A wrapped gift or a concerning retracement?Hershey CompanyBATS:HSYWis_HSY > This is a retracement down to the 200-W EMA, the quarterly pivot point, COVID's VWAP, and not far off from 23' October lows. With so many confluences, this is indeed a sweet spot! > But why the drop? at a quick glance i can see that it is EA/fundamentals related, but it may also relate to supply chains and geopolitical events. If this is a result of greater forces then this may be a half-way pause on the way down to bottom. > that's about it for my 2-cents on fundamentals. I will have to look deeper from here on. > Author’s Notes My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.