It looks like CCI is beginning to turn. It's been pulled down with the rest of the REITs due to interest rate action but this is not as much of a headwind as people think.
The chart looks very similar to the end of 2019. The price action seems similar as well. The stock keeps bouncing off the fibs pretty decisively. I think you see a continued move up through 170 and a breakout to new highs.
A breakdown below the 148 fib level likely means a fall to support at 135-140.
The chart looks very similar to the end of 2019. The price action seems similar as well. The stock keeps bouncing off the fibs pretty decisively. I think you see a continued move up through 170 and a breakout to new highs.
A breakdown below the 148 fib level likely means a fall to support at 135-140.
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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.