Unilever PLC is a fast-moving consumer goods ( FMCG ) company. The Company's segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods , which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings and margarines; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
Long life foods and cleaning products! Perfect quarantine combo.
Market Cap: £117.21Billion
The imminent reduction of interest in the UK has investors scrambling around for yield. Stocks with defensive characteristics and strong yields are attractive attention in recent days and the demand could continue. Unilever continues to find support at the 78.6% Fibonacci level at 4077p. Buyers seem happy to step in around those levels to send the price higher. The long term trend remains in fantastic shape and we expect a move back to the previous highs at 5250p.
Target 1: 4700p
Target 2: 5000p
Target 3: 5250p
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Do you have the stats to back that up?
You have talked trash on 4 of my posts? Not sure why? They are all trades with stop losses, which have been hit, so I hold no exposure. I have taken a calculated approach to each of them and have risked an amount that is comfortable.
I have been involved in financial services and wealth management for 16 years, I am happy to receive criticism, but your comments are unhelpful. Risk management is a key tool, if these positions do not work then I cut them unemotionally. I am not holding any of the positions you have commented on.
I haven't made a call on stocks since 5th March 2020 due to the extreme volatility. I posted 2 short trades on ITRK and JMAT which returned 4.67% and 4.19%, which more than made up for these losses, but I notice you didn't comment on those ones.
Since 2016 I have posted almost 700 trade ideas with a win rate of 42.16%, it is therefore no surprise to me when I have losing trades.
My average win is 1.50%, my average loss is 0.78%. (I'll let you work out if that is good or not).
Happy to chat on this further.
I thank you very much for sharing the very interesting position. 👍✔
The path towards my trading career was made much clearer when I realised that trading is about winning AND losing trades.
Hope to see you there