The Long Investor
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$ABEV - RC - DIVIDEND 5.9%
🕑 Added 2025-01-23 10:44:33 +0000 UTC$ABEV is still searching for support having lost its 0.78 Fib at $2.27 and the next test is the $1.30 level on the final support level.
$ABEV has been in a whopping 13 year ABC correction and has nearly done a full cycle.
Fundamentals are not bad and with a good net profit margin of +17% but the concern here is their growth, which is negative.
The price is below its 200 WMA at $2.80 and the dividend is very attractive too
So if you like $ABEV, wait for support and then consider accumulating as there is consolidation.
