AX.UN will be a BUY under 8.60

AX.UN has a NAV near CAD$19.
It has been viciously beaten down from its high.
It is now below is 0.5 fib from the Post-COVID bull run
I would personally wait to buy until it reaches the 0.618, and I would wait for confirmation of a reversal on the weekly chart.

I am personally more likely to purchase SRU.UN (SmartCenters) if Canadian RE starts to rally - it has a higher dividend and I am more familiar with them in general.

Disclosure: I own exactly 4 shares of this company. They were dripped from a larger position I owned earlier in the year but sold off. Yes, it pays me a CAD$0.20 monthly dividend. :D

Transaction en cours:

I FOMO'd in at the 0.5 fib instead of waiting for the 0.618 like I said I would.
I bought shares, long, at 9.52 a week-ish ago.