The latest trend up is traveling in a large Rising Wedge.
The pattern is not valid until the bottom line is broken. Neutral until the bearish rising wedge is broken.
Price is sitting above a rectangle and resting on the top trendline which is now support.
Some would measure the width of the rectangle and project is up and down from the 2 trendlines that bind price action.
Short interest is low at around 1.95%.
No recommendation
The pattern is not valid until the bottom line is broken. Neutral until the bearish rising wedge is broken.
Price is sitting above a rectangle and resting on the top trendline which is now support.
Some would measure the width of the rectangle and project is up and down from the 2 trendlines that bind price action.
Short interest is low at around 1.95%.
No recommendation
Commentaire:
FFO (FWD)
12.02
P/FFO (FWD)
10.29
Div Rate (FWD)
$7.20
Yield (FWD)
5.82%
Short Interest
1.93%
Market Cap
$46.28B
12.02
P/FFO (FWD)
10.29
Div Rate (FWD)
$7.20
Yield (FWD)
5.82%
Short Interest
1.93%
Market Cap
$46.28B
Commentaire:
In some cases Rising Wedges can be a long term pattern until the break.
Price reached 100% of the target for the rectangle plus some/The bearish rising wedge persists and the bottom line has not been broken so it is not valid.