This is a long-term hold asset for me but added a bigger position for a shorter-term trade targeting the gap.. timeline is whatever. I like the stock and market cap for the performance and dividends.
I agree. I also see a bearish rising wedge that's been holding since May 2023. Looks like the squeeze will coincide with the next earnings report. And since the price always crashes on the Dividend day, it could break downwards. It may not matter in the long run but I have a stop loss order ready at the bottom diagonal of the wedge. Cheers!
Trainwreck
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@senseicruncher, Great points. This stock reacts worse to dividends than most I have studied and that rising wedge puts you right around the dividend payout date area. I would like to see trading above $13 before then or that would be a potential to reevaluate right before the div EX date. Thanks for the feedback!