TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 06, 2024 8:50pm
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Post# 36300102
XRE HANGING ON A THREAD
XRE HANGING ON A THREADSee this image:
We're literally at a perfect/exact technical pullback and a vital support line that has held this week despite the 10yr breaking out, and the next move up will see XRE go from $16 now to $18 or $19 if it makes a higher high.
I will be selling the reits with xre between $18-19 and hoping Jan sees that hit $19
This is my base expectation. I cant see a technical breakdown with CAD overnight rates going to 3% and the fed trying to stay the course with a few more cuts as well