I can't help it. I am a chocoholic and I have no interest in joining a 12-step program. There -- it's out. But seriously, the chart of Hershey (HSY) is holding my interest and maybe yours too in these stressful times.
In this daily chart of HSY, above, we can see a double bottom of sorts in November and January. Prices are above the rising 50-day and 200-day moving averages. In late March there was a bullish golden cross of the 50-day and 200-day averages. The On-Balance-Volume (OBV) line has been rising all this year and supports a bullish price outlook for HSY. In the lower panel is the 12-day momentum study and there are no bearish divergences to turn us cautious.
In this three-year weekly chart of HSY, above, we can see that the price strength in HSY has brought it above the 40-week moving average line and the slope of that line has turned positive. The OBV line on this weekly time frame is positive, too. The trend following Moving Average Convergence Divergence (MACD) oscillator is above the zero line for an outright go-long buy signal. Looking ahead, I would look for the rally in HSY to continue with a return to the $105-$110 area in the months ahead.