Another Dividend play today, with another 15% or so to run up...Well folks, the game looks to be out of reach for the Chiefs... but the market is never out of reach to make some money!!!
I've included some resistance and support levels along with a few ranges of price movement after hitting the 10 month Supporting Trendline Trading Channel. As you can see, every time it's touched this Support, it has bounced 37, 21, 41, and 36 percent respectfully! Now mind you, it's in a current bounce off of that Trendline... so it may be to your advantage to wait on a slight pullback near that Trendline again before jumping into play.
This is also another High Dividend YieldMax stock that uses a strategy of selling call options based off of NVDA stock. So not only does this stock have some room to run up, it is going to pay handsomely in dividend payouts... I'll lay out the same scenario in this play as I did in my previous Dividend play.
If you bought 1000 shares at the beginning of 2024, at an average price of 10.00 you would have ended the year with at least 30000 dollars. That figure comes from your initial investment of 10000 x 90% dividend yield = 19000 in addition to the change of share price 11.00 x 1000 shares = 11000 dollars. Furthermore, that isn't even counting if you reinvested your monthly dividend payout, which ultimately would have given you a total of more than 30K.
Again, as I've said before... I am not a financial guru and definitely not your financial advisor (yet) but I will share with you my claims regarding what price action I see. I'd suggest you complete your own Due Diligence and not jump into mine or anyone else's picks without diving into some analysis yourself.
Last and definitely not least, to me, the most important part... Take Profits, Take Profits, Take Profits!!! I cannot stress that enough.
Good luck on your trading journey ladies and gentlemen!
