UNA trade ideas
Longing Unilever @ 42,17Even though this support of unilever has only been tested once, Fundementaly unilever cannot break this support. After the failed attempt of Kraft-Heinz aquisition unilever dropped from 52 Eur to 42 Eur. Weak dollar cut the profits of unilever a little but if supp breaks hold on for long term. dividend increased from 2,8% to 3,5% becouse of price drop.
Unilever downside playUnilever shares surged after Kraft Heinz announced plans to purchase the company. Talks have subsequently fallen through . Expect shares to come back to earth again on Tuesday at market open. There's strong potential for an "impulse" play here, as the stock will likely open low and continue lower.
- Enter immediately at market open on Tuesday, Feb 21st.
- Set stop loss at $49.
- Set what I call a "moving target" goal. Original goal should be the $46 line, but if it breaks through on volume hold the position (or add to it) and set a new target above the $42.66 resistance line
unilever longUnilever hsa decreased alot since november, more so then competitors. When looking at the YoY financial statement the decrease seems to be to large in my opinnion. As such we expect unilever to hit throught the resistance on 38. while market volatility is low (aexvix) i expect a rebounce before the market hits 475. This could result in unilever first bouncing back as wel. to counteract this we can either buy a stock now, and a OTM put at 37.5 so that we will get dividend, or buy a put in the money and a call OTM at current level.
Unilever (UNA) ShortA negative pattern was formed on the weekly graph from October 15 to October 16, which led to a downward slope in the price. This price broke the upward sloping support line giving room to further drops in the price level. I would look for this to continue falling to the long-term support line around 36.5 (around fib 0.5). Unilever have come under pressure recently with a drop in their turnover in EM highlighted in their Q3 results, and I see this to continue to be an issue due FX prices making it more expensive to produce goods, with those costs passed onto consumers.