It seems that the stock has reached an oversold level and its right above the support level at approximately 60$ I am thinking of opening a long position. Great value trade in my opinion and as the market is flashing red again it might be a good option. In terms of fundamentals the company has terrific PE and forward PE ratios, great ROI, ROE, ROA and great margins. In an environment where inflation runs super hot thats a company that I believe will capitalize on it and improve their margins. Let me know your thoughts on ZIM they have a crazy dividend yield as well which I am not sure if its a good sign at they are close to 20% dividend yield which seems a bit to much.
@inducto, they announced a few days prior to their dividend payout that there might be a lower payout for shareholders in certain countries due to their tax system. I got my dividend as normal to be fair, but some would be affected i assume
TORNADOF5
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@Louk_Min,hi, do you think now is a good point to open some long ??
Louk_Min
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I am personally long for while with this stock and plan to keep it long term. In terms of trades until Tuesday’s CPI’s number i would not open any position