TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 01, 2024 5:51pm
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Post# 36293094
Nothing but "air" underneath
Nothing but "air" underneathPlease reference the attached image.
. If this downtrend continues just one more day we are back to that April-June bottom of the barrel trading range, which would likely put pressure on any reit that has so far been holding up a bit better.
The very fact that that massive move up we saw August/September was reversed in an inverse V shape that took almost the same time is absolutely mind bending. The XRE correction should have went $17.93->$16.50 then resumed the uptrend, but this breakdown is just a short feast predicated on a speculative 10yr move