We are seeing a cup & head pattern on this real estate ETF.

How to enter a position:
  • First entry: 20% of full amount, when it breaks the high of the handle of the cup.
  • Second entry: 80% is the cross above the high of the cup, confirming the bullish pattern.


Risk-reward setup:
  • Profit-exit: Full target is $53 approximately. 10sma has been working well with a trailing stop for a partial sell.
  • Loss-exit: the target is denied, if we close below the november 1st low; at which point I would exit 100%.




Good luck, and have a great weekend everyone!
AMTbullishpatternCup And Handledividendstockspatternrealestatesector_analysisSPGTrend AnalysisXLRE

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