Is #CML #Coronation a buy at these levels?
Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel.
Image 1
TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9.
Image 2
The stochastic indicator shows extreme oversold conditions.
Image 3
On an hourly graph the share is consolidating round R32.20, whilst the stochastic has pulled back a bit. This may set up the short term graph for a pop to the top, which will in turn initiate the turnaround on the weekly chart.
We might see Coronation running from here to close the ex-div gap at around R36.60.
Fundamentals:
Coronation is currently trading at a 7.5 PE and 13.5 DY dividend yield, which gives some protection if the share is to retest the 2020 lows as part of a capitulation turnaround.
Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel.
Image 1
TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9.
Image 2
The stochastic indicator shows extreme oversold conditions.
Image 3
On an hourly graph the share is consolidating round R32.20, whilst the stochastic has pulled back a bit. This may set up the short term graph for a pop to the top, which will in turn initiate the turnaround on the weekly chart.
We might see Coronation running from here to close the ex-div gap at around R36.60.
Fundamentals:
Coronation is currently trading at a 7.5 PE and 13.5 DY dividend yield, which gives some protection if the share is to retest the 2020 lows as part of a capitulation turnaround.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。