$O (REALTY INCOME) - BULLISH
pretty oool find. doesnt get cleaner than this.
what we do we see:
1. Uptrend (3M) time frame
2. 3rdtouch of support 3M time frame (google: three trend line support bounce)
3. Last touch of support came with a ~$8 bounce and a huge green volume bar (bullish)
3. 200MA is also acting as a trend line support (1M) time frame (confluence with trend line support on 3M time frame)
4. Lastly,
O pays YOU quarterly for being a share holder; an annual yield of 5.84%... which can be reinvested into the stock (DRIP) or just get paid and withdraw. It may not seem like a lot. But its WAY MORE than what banks pay you for holding your money in your savings.
what we do we see:
1. Uptrend (3M) time frame
2. 3rdtouch of support 3M time frame (google: three trend line support bounce)
3. Last touch of support came with a ~$8 bounce and a huge green volume bar (bullish)
3. 200MA is also acting as a trend line support (1M) time frame (confluence with trend line support on 3M time frame)
4. Lastly,
O pays YOU quarterly for being a share holder; an annual yield of 5.84%... which can be reinvested into the stock (DRIP) or just get paid and withdraw. It may not seem like a lot. But its WAY MORE than what banks pay you for holding your money in your savings.
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