Hi Investors,
If you look at the price chart of this company for the last 3 years it might not impress you.
Also, now might not be the best time to open a buy position, but what we can see from a technical perspective - is forming a flag pattern, which usually ends up in breaking support or resistance lines.
Both ways are good for us as if the price goes up and renounce and close higher then 40 - most likely the upward trend will continue, otherwise 27$ will work as a support level.
In any case, I'm going to buy now and add more funds if the price goes down, because of one fundamental reason: 20+% dividends, treat this as your bank deposit.
Profits everyone!
Regards,
InvestMan
If you look at the price chart of this company for the last 3 years it might not impress you.
Also, now might not be the best time to open a buy position, but what we can see from a technical perspective - is forming a flag pattern, which usually ends up in breaking support or resistance lines.
Both ways are good for us as if the price goes up and renounce and close higher then 40 - most likely the upward trend will continue, otherwise 27$ will work as a support level.
In any case, I'm going to buy now and add more funds if the price goes down, because of one fundamental reason: 20+% dividends, treat this as your bank deposit.
Profits everyone!
Regards,
InvestMan
Comment:
We are knocking support level once again, so a perfect time to enter a buy position
