The Bullish HaramiPeab The Bullish Harami play. 50% upside.
Peab is showing us an The Bullish Harami in the daily chart. If we can break thru resistence we can make a run for a 50% upside!
The idea is to play this if Peab B reach 75.65 we buy long.
What is a bullish harami?
A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
Peab is a leading Nordic construction and civil engineering company that also specializes in road paving. Known for its commitment to sustainable development and innovation, Peab has a strong portfolio that includes residential, commercial, and infrastructure projects. The company has demonstrated consistent growth and profitability, thanks to its focus on quality, a skilled workforce, and strategic investments in technology. As demand for sustainable building solutions and infrastructure, including road maintenance and paving, continues to rise, Peab is well-positioned for future success.
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Peab
PEAB - Great opportunity for a long-term holdPEAB is a construction company based in Sweden, if you are interested in dividend stocks this might be something for you.
PEAB looks very promising in these areas. The housing market is on the verge of an upturn again, and interest rates are likely to start decreasing next year.
I see no reason not to invest in the company right now, given its current valuation, and hold for many years to come. I have bought some shares at these levels.
If you factor in the annual inflation we have, PEAB is not far from the 2008 low, and that bottom was extreme. In my opinion, we are currently very oversold.