Nice bull flag formation on TSX:PLC . Look for longs on a break out or a break out + retest. Stop loss would be under $26 (support is just above that) and the minimum price target for a long would be around $30 where the previous swing high was. The ADX indicator is still red, if it can turn green before a break out, that would be even stronger.
PLC (tsx) - Park Lawn hitting FIB Retrace .618 Level now!
Good Buy in opportunity should be coming if the support is there.. IMO.
12 month analysts average Target CDN. C$34.88. (25% Upside)
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Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional...
Park Lawn is an interesting company and one of the very few like it: it operates and is in the industry of operating cemeteries and associated services.
While the company is certainly interesting, particularly as its "recession-proof" type of money inflow, the company right now is heavily overvalued, but a definite buy as RSI and Momentum declines (as it does at...
Another monthly dividend stock, this company isn't going anywhere anytime soon. It's been growing steadily since I bought in 2013, I more than doubled my money. I still buy up some dips here and there TSX:PLC
Great reward:risk.
Long-term uptrend, and recent pullback could be near an end as the waves lower have been getting smaller showing decreasing selling pressure. Getting in for the next rally.
Disclosure: long.
