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Storebrands strong dividends to support 56 NOK price tag?Storebrands operates in banking, asset management and insurance. The insurance segment has filled up its coffers according to the solvency II regulation, meaning there should be plentiful of cash accessible in the future for dividends which should interest investors looking for good cash flow and dividends. The trade is not a super exciting trade but feels like a rather certain one at current prices which is low by historic standards. The main risk with the trade is negative interest rates which could affect the insurance operations negatively. The main opportunity is a change in investor sentiment towards companies with strong cash flow and dividends. I set my first price target at 56 Norwegian crowns (NOK) which is around recent highs. My stop loss is set beneath the trend line (see the chart) and beneath recent support at 48 NOK. Long term I believe that the Storebrand will trade higher, perhaps reach 60 NOK in 2020. However, the path there is not very likely without retracement. I will use retracements as buying opportunities provided that the overall trade fundamentals remain intact throughout 2020.
OSL:STBLong
by UnknownUnicorn3806802
Axis Bank on a strong Trajectory !Axis bank seems to be on good strong trajectory after it has recently filled up the downfall in lesser than the duration of the fall. The recovery not only showed the strength but also builds confidence that the stocks fails to move down even the big red candle with high volume. Stock was able to lift the price beyond it and now is trading in range bound fashion with rising triangle type patter on daily. However the important thing is that we see good volume with price rise and POC being a crucial level which the price tested and respected. Stay tuned to witness the spurt.
NSE:AXISBANKLong
by Pivotal_Traders