AXA Long Idea
Logic: close & re-test of 50D EMA puts AXA in intermediate uptrend following significant drop and 2 months sideways consolidation.
Entry: €17.00- €17.20
Stop: €15.50 (can consider lower if longer term outlook)
Risk: -9.88%
Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop.
Gain: +19.48% & longer term target +33.72%
Note: among highest rated European insurers with solid balance sheet and strong upside potential. Risk to upside thesis stem from claims due to Corona closures, lawsuits etc...
Entry: €17.00- €17.20
Stop: €15.50 (can consider lower if longer term outlook)
Risk: -9.88%
Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop.
Gain: +19.48% & longer term target +33.72%
Note: among highest rated European insurers with solid balance sheet and strong upside potential. Risk to upside thesis stem from claims due to Corona closures, lawsuits etc...
Note
PS: AXA is paying €0.70c dividend, 8.29% yield. Ex-div date 9th July; pay date:13th July.Note
Gap Close on 5th June 2020.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.