NESN - SAFE HAVEN -
Added 2024-12-18 11:24:28 +0000 UTCNestle has an RSI on the WEEKLY at 18 now....so this is as undervalued as $PLTR is overvalued
MACD is also showing largely oversold too but it is not showing that a bottom has been reached yet or any leveling off.
The dividend at 4% is very attractive too right now
I will keep an eye on this for some leveling off and that sellers have dried off but I believe this is one to watch as a Safe Haven
Comments
We expect correction mainly on US stocks. This is a company based in Switzerland and it sells globally food and other consumer goods. This is the title that is likely going to grow during tough times. It has all the reasons to do so.
Vojtěch Šimeček
2024-12-18 16:45:04 +0000 UTCSo a stock like nestle. During a big market correction it would most likely go down like everything else but just not go down as hard? Plus it's already down alot so that should limit the amount it could go down further?
Kyle Combs
2024-12-18 11:50:57 +0000 UTCVery interesting, keep in mind 👍
Inpetto
2024-12-18 11:36:46 +0000 UTC
