CALM: Trading at a major discount
Updated
This stock is coming up from a strong base, acting as a bastion of strength in this market.
Dividend investors would be glad to add this to their portfolios here I'm sure, and I wouldn't mind either.
There's a nice techical entry if we're offered with prices inside the green zone in my chart.
There is an abundance of technicals suggesting this is a good buy, so I wouldn't hesitate on reccomending it to anyone.
We have the yearly moving average below price, as well as a great valuation right here, as derived from the PSR readings, which give clues about 'fundamental support' levels in this chart.
I'd reccomend allocating 6-7% of capital in it, based on the volatility, which with a 3.85% yield, and trading at 1 time sales (PSR) -despite the high P/E ratio- makes it an attractive long term entry.
Cheers,
Ivan Labrie.
Dividend investors would be glad to add this to their portfolios here I'm sure, and I wouldn't mind either.
There's a nice techical entry if we're offered with prices inside the green zone in my chart.
There is an abundance of technicals suggesting this is a good buy, so I wouldn't hesitate on reccomending it to anyone.
We have the yearly moving average below price, as well as a great valuation right here, as derived from the PSR readings, which give clues about 'fundamental support' levels in this chart.
I'd reccomend allocating 6-7% of capital in it, based on the volatility, which with a 3.85% yield, and trading at 1 time sales (PSR) -despite the high P/E ratio- makes it an attractive long term entry.
Cheers,
Ivan Labrie.
Trade active
Buying against support here looked good.Note
Good progress here. Might want to trail stops to entry.Note
Acting nicely.Note
Great rally. We can trim position and add on setbacks.Note
Trimming was wise, down a point.Looking to buy dips.
Note
If we get oversold readings we can buy more...and reduce when it gets overbought again.
Note
Easy money so far.
Note
The pattern here is very interesting, clear accumulation. Buying dips is advised.Note
Very resilient stock. Trading around positions is reccomended. Sell rallies, buy dips.Note
This stock is absolutely resilient, selling rallies and buying dips is resulting excellent.Note
Buy dips, sell overbought rallies, this is being accumulated, big time.Note
Keeping all stops at 35 is a good long term strategy, then trail it up.Note
Excellent build up, now ready for a rally.Note
CALM fired a 15 day uptrend, we can book partial profits at the target on chart, then rebuy more when oversold.
Trade closed manually
Let's book profits.Last 53.36
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.