On the weekly time frame, Nuvoco Vistas has consistently faced resistance around the 398 level, rejecting this point three times. This repeated rejection indicates a strong resistance zone. However, a breakout above this level could signal a significant bullish trend, potentially offering good returns for investors.
Key Points:
Resistance Level: 398 (tested three times) Breakout Potential: A sustained break above this level could lead to upward momentum. Investor Strategy: Monitor for a breakout confirmation and consider entry points accordingly.
Fundamentals:
PROS: Company has delivered good profit growth of 67.1% CAGR over last 5 years.
CONS: Though the company is reporting repeated profits, it is not paying out dividend. Company has low interest coverage ratio. The company has delivered a poor sales growth of 8.76% over past five years. Company has a low return on equity of 2.30% over last 3 years.
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