DCR - Bullish Trend
DCR just broke out its previous high, is it start of a Bullish Trend?
Final target is 27.51.
Country Profile: Pakistan's current policy rate is in downwards trend after high of 22%, current inflation rate & other factors are in favour of further rate cut. Which means smart money will keep flowing out from Fixed Income to Equity Markets in coming months.
Fundamentals: DCR is paying 9.24% dividend after tax annually on current price of 18.40, it is continuous attractive position for smart money flowing out from Fixed Income if this dividend yield continues.
Final target is 27.51.
Country Profile: Pakistan's current policy rate is in downwards trend after high of 22%, current inflation rate & other factors are in favour of further rate cut. Which means smart money will keep flowing out from Fixed Income to Equity Markets in coming months.
Fundamentals: DCR is paying 9.24% dividend after tax annually on current price of 18.40, it is continuous attractive position for smart money flowing out from Fixed Income if this dividend yield continues.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.