A-Reit has been declining within a parallel channel for the past 1.5 months. It went just 3 ticks below the 61.8% fib retracement support @ 3.23 and is now staging a rebound above this declining channel.
Long @ 3.25 with initial stop just below recent low @ 3.18. Will scale out along the way from 3.42 - 3.65 if trade works out well.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Long @ 3.25 with initial stop just below recent low @ 3.18. Will scale out along the way from 3.42 - 3.65 if trade works out well.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.