TSX:AX.PR.E - Post by User
Post by
garyreinson Oct 29, 2024 8:38pm
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Post# 36287894
Technical Analysis of REITS
Technical Analysis of REITSPlease see the image I attached. Are we honestly going to pretend that the overall CAD reit sector should be essentially the same price (a hair higher) than it was for the 6 months between Nov 2023-April 2024, when inflation was 1%+ higher, timing of cuts was still uncertain, and there was real prospect of recession/hard landing? Now, in canada overnight rate is 1.25% lower. But look at where things are.....virtually no upside was captured relative to fall of last year. This strongly makes the case that this pullback should be over and we should make higher highs now. But Im not holding my breath