I've initiated a small position on $ULVR.L (Unilever) - If we look at the attached chart price is currently 27% from the high in September 2019. It is currently sitting on a pretty solid support level @ 3888 , however, if this fails to hold the next level isn't far away sitting at @3700
We also have two ascending trend lines (depending on where you draw them) which are also adding confluence in these areas.
ULVR has a great ROE, slightly lower earnings this Q but this was primarily due to FX conversion rates. Competition is growing in this area but with the price sitting 27% from the high I think it has some decent upside potential.
We also have two ascending trend lines (depending on where you draw them) which are also adding confluence in these areas.
ULVR has a great ROE, slightly lower earnings this Q but this was primarily due to FX conversion rates. Competition is growing in this area but with the price sitting 27% from the high I think it has some decent upside potential.