NLOP breaks out of leading diagonal
Analysis is based on Elliott Waves. Soon NLOP is expected to break out of the leading diagonal (wave 1), and after some correction, continue going higher.
NLOP is REIT company with assets in USA and Europe. Fundamentally, idea is that properties under management are much higher value than the company itself. As last year shown, NLOP manages to sell its properties at attractive prices. This immediately triggers price appreciation. Valuation itself should not be treated in REIT related environment as case is in the company liquidation value rather than revenue/operations improvements.
NLOP is REIT company with assets in USA and Europe. Fundamentally, idea is that properties under management are much higher value than the company itself. As last year shown, NLOP manages to sell its properties at attractive prices. This immediately triggers price appreciation. Valuation itself should not be treated in REIT related environment as case is in the company liquidation value rather than revenue/operations improvements.
Trade fermée manuellement
price went lower than expected and the setup broken; trade closed
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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.