Despite the swoon in copper and emerging markets, updating the high yielding Brazilian utility CPL, below, we can see that February’s lows are still being held.
The monthly chart shows February printed a hammer-like, bottoming candlestick after a prior, very steep downtrend. And March is on pace to be an “inside” month, within February’s price range. This is a decent start to the long-term thesis being playing out. Stay tuned for more updates.
Which stocks are at the top of your watchlists this morning?
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Chess- are you looking at this long term play purely on technicals? Do you look at the fundamentals etc when you consider such stocks? Emerging markets plays can tend to be extremely volatile on economic and political news. Especially with in Brazil with the recent riots etc they have had.
Divvi & techs
bebe strait from $5 to $6.75. last ten days consolidating. its young beautiful women’s clothing etc. priced well. thks cNw.
Thanks Chess. Instant coin is great, but I love the longer term ideas
Chess- whts the div rate?
Like that one Chess, a lot. CPL