ELS approaching its all-time-highs! Will it break through?
ELS has been absolutely crushing it for the past 6 months with every month closing green!
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.