AVB has a death cross that is approaching. This pattern still favor's a near term bounce but will likely resume its longer term downtrend once buy the dippers are exhausted. This is a trend that is not your friend.
Two wedge formations can be identified on chart, this wedge then leads to a low (1), quickly recovers to the major trend line (2) Continuation of the major trend line in green is likely
Trade plan: Buy long - $220-$225 Stop loss - $214 Target - $240 resistance AvalonBay Communities (AVB) - For the six months ended 30 June 2021, AvalonBay Communities Inc revenues decreased 6% to $1.11B. Net income applicable to common stockholders increased 74% to $588.9M. Revenues reflect NAREIT FFO - Per Share - Diluted - Total decrease of 13% to $1.96....
The resistance level has been broken with the minimum long-term target level in the region of 320.
Stock bounced off bottom horizonal support line. Look for price to hit upper horizontal resistance.
AvalonBay, monthly timeframe: Mirror level + Side of Bollinger bands + Hammer + Spinning Top + Nice discount
CAG, MCD, GOLD, AVB, CLX, EIX, K, MDT, NVR, PPL, RTN, VAR