PCC.[percy's creative charting].
Yahoo are showing 50 day EMA $1.14 and the 200day EMA $1.17.
The share price today is $1.16.
Now using PCC we add the recent 4.5cents dividend to today's $1.16 sp and get $1.205 cents.!!!
So now we get the full PCC picture==== HNZ sp is well ahead of both the 50 day and the 200 day EMA.!!!,lol.
PCC.[percy's creative charting].
Yahoo are showing 50 day EMA $1.14 and the 200day EMA $1.17.
The share price today is $1.16.
Now using PCC we add the recent 4.5cents dividend to today's $1.16 sp and get $1.205 cents.!!!
So now we get the full PCC picture==== HNZ sp is well ahead of both the 50 day and the 200 day EMA.!!!,lol.
LOL Is creative charting a derivative of creative accounting
Maybe sentiment around the world now not so gloomy.
Dairy price futures up again.
Already 3 months into 2016 yr,so fundamentals should be starting to look pretty good.
And I think something is in the pipeline regarding a deal or aquisition, hence the volume maybe.
PCC.[percy's creative charting].
Yahoo are showing 50 day EMA $1.14 and the 200day EMA $1.17.
The share price today is $1.16.
Now using PCC we add the recent 4.5cents dividend to today's $1.16 sp and get $1.205 cents.!!!
So now we get the full PCC picture==== HNZ sp is well ahead of both the 50 day and the 200 day EMA.!!!,lol.
One way of adjusting for dividends is to take them off all the prices before it went ex.
And Attachment 7659 is what the chart looks like for HNZ, using dividend-adjusted prices as above.
The HNZ price (1.16) sits between the 50 and 200 day SMAs (1.11 and 1.19)
The mid-point PE over the past 5 years is about 11.5. If 2016 earnings are 11.5cps, per HNZ forecast, that gives a value of $1.32
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