TSX:AX.PR.E - Post by User
Comment by
hroark7on Nov 29, 2024 4:09pm
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Post# 36338223
RE:CONSOLIDATION
RE:CONSOLIDATIONgaryreins wrote: Some reit charts and XRE are ugly, no doubt about it. But for other charts, artis included, this is the consolidation of a lifetime. going on 3 months, a somewhat reasonable pullback from the July move of 20%+.....now its time for that HUGE THRUST to new highs
Man those bond yields just need to dive close to 50bp and we're there
What are you talking about gary?
Here's XRE's chart:
https://stockcharts.com/freecharts/gallery.html?xre.to It bounced perfectly off the 200-dma and it closed above the $16 shoulder line. I would like to see it break that 50-dma line currently at $16.52 but when it touched the 200-dma, it ran back up like a scaled rat, which is exactly what you want to see.
This is why you are not good at this. You can't even read a chart.