Thanks for viewing,
I have only looked at the chart and a few details. I was just drawn to undervalued UK stocks after reading that Goldman Sachs views the GBP as undervalued (it is at 35 year lows vs the USD). Also, all the doom and gloom about Brexit will have caused shares to head lower than may be justified. To get the best value, I often hear you need to dive in when things look at their worst. Easy to hear, more difficult to do when real money is involved.
Anyway, if it all goes right, the rising GBP will be a tail-wind behind a rising share price. It's almost enough to justify holding fiat currencies.
The overall scenario looks to be turning bullish for IMB.
What I see as an ABC correction is coming to an end - although it just set a slightly lower low on the 1st of September. Looks like heading for 1154 - if so, I will have to re-assess my EW wave labelling.
Consistent dividends over 10% pa gross.
Its not a sexy industry so is likely to be "unloved" by investors. Institutional investors appear to have been offloading any and all investments that "aren't consistent with investor principles,"; oil and gas, some mining, coal, forestry, fisheries, livestock, alcohol, and tobacco etc etc. Doesn't leave much. I'm not saying tobacco is good, it does appear to be a declining industry (at least in the west). But, it is a consumer goods business, with an attractive return, and signs of recovery - it will do well in a recession.
Strongly Bullish RSI divergence evident (when a lower price low (or a series of these) is shown as a higher low on the RSI). These often precede changes in price direction.
Staying with tobacco; British American Tobacco is starting to look attractive as well.
Protect those funds - and those lungs.
I have only looked at the chart and a few details. I was just drawn to undervalued UK stocks after reading that Goldman Sachs views the GBP as undervalued (it is at 35 year lows vs the USD). Also, all the doom and gloom about Brexit will have caused shares to head lower than may be justified. To get the best value, I often hear you need to dive in when things look at their worst. Easy to hear, more difficult to do when real money is involved.
Anyway, if it all goes right, the rising GBP will be a tail-wind behind a rising share price. It's almost enough to justify holding fiat currencies.
The overall scenario looks to be turning bullish for IMB.
What I see as an ABC correction is coming to an end - although it just set a slightly lower low on the 1st of September. Looks like heading for 1154 - if so, I will have to re-assess my EW wave labelling.
Consistent dividends over 10% pa gross.
Its not a sexy industry so is likely to be "unloved" by investors. Institutional investors appear to have been offloading any and all investments that "aren't consistent with investor principles,"; oil and gas, some mining, coal, forestry, fisheries, livestock, alcohol, and tobacco etc etc. Doesn't leave much. I'm not saying tobacco is good, it does appear to be a declining industry (at least in the west). But, it is a consumer goods business, with an attractive return, and signs of recovery - it will do well in a recession.
Strongly Bullish RSI divergence evident (when a lower price low (or a series of these) is shown as a higher low on the RSI). These often precede changes in price direction.
Staying with tobacco; British American Tobacco is starting to look attractive as well.
Protect those funds - and those lungs.