H&S Pattern
Currently trading at around 20 P/E, at around 18 (2400p) or 15 (2000p) would be a very good opportunity
Dividend yield of around 2.7% provides a very stable opportunity considering how safe and well run this business is
Scenario 1 - Follow the flag pattern, resort to trendline @ 2400 levels + potentially venture lower? (In which case the lower we go the more attractive it is to invest)
OR
Scenario 2 - Edge higher to approx 2700 before making the pullback to 2400 or lower levels
Currently trading at around 20 P/E, at around 18 (2400p) or 15 (2000p) would be a very good opportunity
Dividend yield of around 2.7% provides a very stable opportunity considering how safe and well run this business is
Scenario 1 - Follow the flag pattern, resort to trendline @ 2400 levels + potentially venture lower? (In which case the lower we go the more attractive it is to invest)
OR
Scenario 2 - Edge higher to approx 2700 before making the pullback to 2400 or lower levels