BEZEQ bu opportunity , BEZQ Stock signal buy
after the red candles of the downtrend we have a green candle that means the end of the downtrend and the start of the uptrend, and also the candle with the wick above the body our confirms the start of the market rise, so we are going to buy and collect our profits in the take profit.
signal buy , buy opportunity
BEZQ trade ideas
Bezeq Macro + Short Term OutlookBezeq is a declared telecommunication monopol in Israel. Cheap cellular and rising competition in ISP services, plus regulatory reforms forcing Bezeq to allow others use its infrastructure led to gradual demise in stock sentiment.
2019 revenue ₪13B, loss ₪1B.
2020 Q1 report: mayafiles.tase.co.il
Cash balance: ₪2B
Company is not profitable, low gross profit, high operational costs.
I believe the stock will drop on the short term and retest lows, may have a higher low. Reversal isn't expected at this stage, especially not with the current competition between communication companies in Israel and unfavourable regulatory environment.