Possible buy zone Sumitomo Mitsui

While 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty).

Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the Company a bit more in-depth should it hit my price expectations.

Short-term bearish, yet for form a medium term view based on fundamentals.

Yorum:

Oops, I forgot to mention my 'convergent zone'. An area that price is likely to reach based on two fib extensions lining up (blue box).