H&S Pattern
Currently trading at around 20 P/E, at around 18 (2400p) or 15 (2000p) would be a very good opportunity
Dividend yield of around 2.7% provides a very stable opportunity considering how safe and well run this business is
Scenario 1 - Follow the flag pattern, resort to trendline @ 2400 levels + potentially venture lower? (In which case the lower we go...
In the past few months with the rise of Corona virus Diageos stock price has really taken a hit with profit losses for the leading spirit making company. Asia is in lockdown due to the virus and othewr consumers around the world are also suffering causing Diageo to take a real bad hit. However this stock is classed as defensive due the fact of even in hard times...
An ascending wedge pattern has emerged on the daily DGE chart, there's a clear line of support from the past months in this stock which has recently been met which will result in the price going higher as this stock bounces off support as seen in the previous months. Once it continues to rise it will be facing the resistance level for a third time at 2873.0, I'm...
Establish long position now and accumulate strongly if shares break above 143.75.
DEO shares rose 1.33% on 11/8 and closed near the top their range, forming a bullish pin candlestick. This comes after having opened significantly higher (>$3) than the previous close, leaving a gap around $140 that may enact some gravitational pull on share prices in the...
Looking at a potential entry on Diageo.
Price looking oversold on the RSI, strong volume on todays engulfing bar from the lower band.
Although, some negative news re FX conversion rates it is a insignificant amount in relation to the total revenue.
I want to see break above todays high to enter.
TP1: 2720
TP2: 2840
SL: 2580
After closing out our current CFD positions in a fairly good green for the week the charts are showing a retractment is in order and the Stochtastics are showing a very over bought on the daily chart.
Based on technicals Diageo looks to move long back into the daily trend.
Diageo will pay $700 million up front for four-year-old Casamigos Spirits, co-founded by Hollywood star George Clooney and two of his friends. Who doesn't like tequilla or Clooney? Worst case scenario.... yet another celebrity pump and dump.
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This is where I practice ideas and...
