Time to nibble on Power Financial (PWF.TO)

Power Financial just tested and held major support. I like the 6.34% yield. The payout ratio is backed by a strong cashflow. The negatives from a technical perspective include the major downtrend and major resistance at the 200-day.

https://www.powerfinancial.com/en/investors/shareholder-reports/

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Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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