Will GIS test its resistance level at $79?

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

Looking at the GIS‘s chart, we see that it was lastly traded at around $80.90.

Today, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect the price to reverse the recent downtrend and rise towards the resistance level which is located at around $86, otherwise it should test its support level at around $79.