Conagra is gearing up for a nice bounceConagra Brands, Inc.BATS:CAGFida4uLooking at the current setup in Conagra, it closely resembles the past rips into the downtrend line. Similarly to the previous scenarios, it's forming a falling wedge with bullish divergences on the MACD and RSI. The macro backdrop is also setting up in a way where a bounce is on the horizon. Tech is extremely overvalued and investors are starting to be jittery since all these comparisons are being made to past bubbles. A market pullback can spark some rotation into beaten down defensive stocks that pay a hefty dividend (10% !!!).