The current price of Nestle is CHF 82.88 and above its 40 week moving average of 78.73. After almost a year of consolidation, this stock, which pays a reliable 3.73% dividend, is poised to move higher.

The Fibonacci 38.2% retracement level of 92.78, based on the entire 129.80 to 69.90 range traded since January 2022, remains in focus.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you