McMillan Shakespeare buy zone
Just looking around the equity markets for high dividend stocks, I found this one doing a correction.
Found a convergent zone (wave (C) measuring 100% of wave (A) and a normal five wave extension in wave (C) as well as bullish RSI divergence indicating that a change in price direction is inbound. Recent ratings upgrade and $20+ targets from analysts in recent news.
I'll be buying mainly to get the 10%+ dividends, but also to get some capital gains. No sell side target as yet. Medium term hold.
Found a convergent zone (wave (C) measuring 100% of wave (A) and a normal five wave extension in wave (C) as well as bullish RSI divergence indicating that a change in price direction is inbound. Recent ratings upgrade and $20+ targets from analysts in recent news.
I'll be buying mainly to get the 10%+ dividends, but also to get some capital gains. No sell side target as yet. Medium term hold.
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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.