Indication of price movement Q1 2021, Ahold
We can see a symmetrical triangle forming on the charts of AHOLD. This can lead to a breakout or breakdown. In my personal opinion i think we will see a breakout, taking into account COVID-19 and AHOLD's strong position in online retail with 'bol.com'(Notoriously used by dropshippers), revenue growth is very likely. Also the strengthening of their position on the US market within the niche of fresh groceries deliveries is a smart move IMO. Giving the hype and attention to a increasingly healthy and sustainable lifestyle, the acquisition of FreshDirect based in the state of New York gives AHOLD a nice incline within that market segment.
Fundamentals are strong and BETA is low. As of writing date dividend levels stand around 4%.
Overall: Nice defensive stock with increasingly growth potential.
Fundamentals are strong and BETA is low. As of writing date dividend levels stand around 4%.
Overall: Nice defensive stock with increasingly growth potential.
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