ACRE offering an early entry?
* Good earnings
* Strong up trend
* Recently broke previous all-time-highs of Feb 2020
* Formed a tight consolidation for 7 weeks
* Breaking out of the consolidation with higher than average volume
* High relative strength in the Real Estate sector
* Strong up trend
* Recently broke previous all-time-highs of Feb 2020
* Formed a tight consolidation for 7 weeks
* Breaking out of the consolidation with higher than average volume
* High relative strength in the Real Estate sector
Commentaire:
ACRE just printed a pocket pivot with yesterdays volume higher than any of the previous 10 day down volumes. Pocket pivots are a sign that institutions are starting to step in and set a higher probability in our favor.