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ABR

REITs looking bearish across the sector. H&S setups galoreFirst noticed this when I was scouting $ABR as a potential candidate for puts. I was looking for H&S setups, and liked the look of it. If you look at $ABR chart (daily or weekly) I imagine you'll see what I mean. Looks like we're peeling off the 20MA on the 1D to the downside. (Earnings are tomorrow, as a heads up) But yes, this led me to look at other names in the sector to try and add to my overall conviction. And I found that while some have already made their move to the downside - I also found a bunch of tickers that seem like they're on the cusp of breaking down Apart from $ABR the other names I'm looking at for moves toward downside in the sector are $O and $UDR . $O especially. In terms of more of a 'macro' view this year I think with increasing interest rates, inflation through the roof etc. I think real estate sector is going to feel some notable pain this year. But of course, theories only mean so much, let's just focus on the chart setups as/when they come. For now, the sector looks bearish The options I'm personally trading currently are: $ABR Mar 18th '22 $17.5p (cost basis 2.51) and $O Mar 18th '22 $67.5p (cost basis 2.05) Posting this moreso to draw attention to the sector in general, rather than my exact personal plays necessarily. Hence using $SCHH as the image for this 'idea' so people can see the sector overall. Note the rejection/inability to breach the 20MA on the weekly. I think this thing could sag and fold over. Hope this is helpful to some! And as always, please let me know your thoughts/comments if you have any! I'm always open to new ideas, viewpoints and constructive criticism etc.
AMEX:SCHHShort
by llbtrader5
1
AllBridge - Hidden Gem?I know what you're thinking. It's too soon. Well let's see. Allbridge just launched their ABR token on Uniswap just over 24 hours ago. Most people will argue TA won't work for coins that new. I'd usually say yes. I still do. But this is more just my prediction of what I think will happen to test my knowledge and what I've learnt the past few months. All Bridge did over $1.1b in volume on their bridge app in less than 5 months. That's crazy for a token that is around $100m MC? Staking is going to be announced soon. Team is putting out announcements every day and doing a great marketing job assuring their community. It's the same founder and dev from APYSwap. Oh and their community is awesome too. Some deep pockets in there with intentions of hodling. Which is what we need. ABR should be a great Q4 token to hold. Keen to hear other thoughts.
ALong
by yas_btc_eth
1