Today’s instrument is the General Mills Inc. stock traded in the NYSE exchange under the ticker GIS. 

If we look at the 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 the 24th of December, crossing $66 yesterday and it was last found trading $66.90. The first support base can be found at the $65.7 price range and overhead resistance 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 however, it fails to break the $67 resistance then a case can be made for moving near the first support level of $65.6

(Click on image to enlarge)