Bic has a p/e ratio of 6.5. 4.7% dividend yield.
Has been down trending since 2015 and is now range bound with a high of 64.9 and a low of 38.5.
Printing a falling wedge which is a bullish reversal pattern.
RSI struggling with breaking into bullish territory at the 50 level.
AO showing bullish divergence and no real momentum.
Key levels indicated by...
There is a famous saying among portfolio managers ''The best stocks to invest in while the economy is plunged in a recession tend to be boring, get-the-job-done companies.''
Anyone knows that when the economy declines, many investors begin to load their portfolios with defensive stocks or stock funds from defensive sectors.
These funds are referred to as...
BBP should soon see a reversal from this day closing point and if closes down the horizontal trend line it will continue a downtrend. Else it may become a strong support. My opinion is till confirmation we should wait and see.
Disclaimer: This is purely an personal idea and you must enter a trade once you are convinced from your own analysis.
For more ideas you...
