UDR approaching all-time-highs with tonnes of buying pressure
アップデート済
UDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green.
Taking a look at the volume coming in, it seems like it will break in the coming week.
Not only is this setting up for a great trade, it's also a great long term hold. This REIT has proven to come out of a crash only to do even better than before.
Final thoughts:
* Strong up-trend with tonnes of volume
* Approaching February 2020 all-time-highs
* Great long term hold as REITs pay out generous dividends
Trade Idea
* This is a long term resistance so do wait for a confirmation of the breakout on the weekly time frame. A break and hold above $51.25 would be the signal.
* A rejection from here could send UDR back to around $48.90. Which, given how well it's doing, would be a great entry point
Taking a look at the volume coming in, it seems like it will break in the coming week.
Not only is this setting up for a great trade, it's also a great long term hold. This REIT has proven to come out of a crash only to do even better than before.
Final thoughts:
* Strong up-trend with tonnes of volume
* Approaching February 2020 all-time-highs
* Great long term hold as REITs pay out generous dividends
Trade Idea
* This is a long term resistance so do wait for a confirmation of the breakout on the weekly time frame. A break and hold above $51.25 would be the signal.
* A rejection from here could send UDR back to around $48.90. Which, given how well it's doing, would be a great entry point
ノート
UDR broke out on Friday and retested the broken resistance as support.ノート
Doing well so far and is maintaining volume.
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