Rakon NZ long term buying level approaching
Rakon Monthly chart
I'm currently looking at long term investments to hold for years, and noticed this one
Current price is $0.80, but I think it could easily fall to 0.41c
Downside 0.42c
Dividend ~ ~5% at that price level
Potential capital gain, 300% gain is pretty easy to get to $1.20, the all time high was $5.80
Could easily hold for a couple of years sell half and make 100%+ on your original money and still own some shares
The upside with volatile stocks like this is that there are very few real support or resistance levels on the chart i.e. big bars... these can easily get blown through both ways as there are no major order pools there that take time to fill
See what happens but its on my watchlist with price alerts set
I'm currently looking at long term investments to hold for years, and noticed this one
Current price is $0.80, but I think it could easily fall to 0.41c
Downside 0.42c
Dividend ~ ~5% at that price level
Potential capital gain, 300% gain is pretty easy to get to $1.20, the all time high was $5.80
Could easily hold for a couple of years sell half and make 100%+ on your original money and still own some shares
The upside with volatile stocks like this is that there are very few real support or resistance levels on the chart i.e. big bars... these can easily get blown through both ways as there are no major order pools there that take time to fill
See what happens but its on my watchlist with price alerts set
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