AX.UN has a NAV near CAD$19.It has been viciously beaten down from its high.
It is now below is 0.5 fib from the Post-COVID bull run
I would personally wait to buy until it reaches the 0.618, and I would wait for confirmation of a reversal on the weekly chart.
I am personally more likely to purchase
SRU.UN (SmartCenters) if Canadian RE starts to rally - it has a higher dividend and I am more familiar with them in general.Disclosure: I own exactly 4 shares of this company. They were dripped from a larger position I owned earlier in the year but sold off. Yes, it pays me a CAD$0.20 monthly dividend. :D
Trade active
I FOMO'd in at the 0.5 fib instead of waiting for the 0.618 like I said I would.I bought shares, long, at 9.52 a week-ish ago.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.