STB uptrendLooking good. Positive momentum. Published a good Q4, however it dropped because they are going to finance share buy back
STBO trade ideas
Storebrand ASAShare back above pivot and EMA cloud.
Current: 82.74
Stop: 79.40
Long target is the possible gap close around 86.40 as well as swing highs near 88.62.
Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings.
Storebrand Possible down to support level 71.5-75RSI and price are divergences and this means volatility is decreasing and a chance for price falling down to major support channel 71.5-75.
Set Alarm for entry on support after confirmation bottom reversal.
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.
STBO LONGNet signal from Norway's Storebank . Sell when price will intersect green line. Sell will updated.
StorebrandRisky trade this one, but I want to try to get in early.
STB has probably entered a sideways trend channel ranging between areas 63,25 and 70,50.
Price, MACD and RSI have all reached previous lows and I take a shot at these levels, hoping they act as support levels.
Stop loss could be set below 61,74.
EX dividende nok 2,50 12/4-2018
