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RMR: Elliott impulse wave finishing, correction wave incoming?Hi. I've plotted a resistance zone that's been prevalent since the start of the year. I've also plotted some Elliot waves: some past, some current and some incoming. The recent Three Drives pattern is over and unfortunately I didn't recognize it in time. But a good question then is what's next? Well there is a clear impulse wave occurring at the moment. The high price difference between the MA 56 and close price strongly indicates that the impulse wave will continue to finish wave 3 and 4. The exact time when this will happen is uncertain, the price on point 5 is just an example. But this means a correction wave is incoming when the impulse finishes. There are two decent position to make if you believe the impending waves are probable: When the current impulse wave has finished there is a good timing for a short position to profit off of the correction wave. When that correction wave is complete there will most likely be an impulse wave. A long position when this is apparent or a long position on the B point of that wave could both be decent. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NASDAQ:RMRLong
by Kabeldon
Care Property Invest: Fibo suggests to buy at 24.80€Private placement of 1.736.346 shares at a price of 25.55€ made today to acquire "Résidence des Ardennes" (Attert, Belgium) makes the share price tumble more than 3.35% once trading is opened at 14:30h (closed since 9:00). Fibonacci retracement suggests buying at 24.80€. However, volatility in markets due to lockdowns may drag the price towards 18.80€ again but with these good fundamentals it's hard to imagine: P/E = 22.34 (industry 20.95) EBITDA 5YA = 105.2% LT Debt to Equity ratio = 55.53% Total Debt to Equity ratio = 93.27% Payout ratio = 71.68% So, good entry point at 24.80€. But today a triangle also closed and normally when triangles close, means spike up or down. Let's keep eyes focused on China and its covid19 evolution as well in order not to be caught by surprise as last March when everything was falling since the end of January 2020. Man is the only animal that trips twice over the same stone, however maybe market psycology is already discounting that. Who knows.
EURONEXT:CPINVLong
by alexinve
Housing Market Rocket Ride to Continue? M2 Money Printer BrrringFMAC HPI Housing price index is interesting to look at versus the money supply. Both are always increasing and fairly predictable since 2012. The HPI tends to follow this ebb and flow moving up all the time, until this year where we haven't seen it's typical plateau. When you check the money supply trend, M2, we can see that if we follow the trend going back to like 2012, that since January 2020 we should have seen only around a 3% max increase in the money supply, and maybe actually flat if we were at the bottom channel. Instead we've seen 18% more increase than the 3% we anticipated, for a total of around 21% increase where we would have expected a maximum of only 3%. Now looking at the HPI we can see that very typically it ebbs and flows in these 4-6% up cycles, lets call them 5%. This year we haven't see that plateau and have gone straight up about 10%, only double. The question is how correlated are these two, are we set to see another 35% straight increase in the HPI over the coming months and years??? 21% increase / 3% anticipated increase in M2 = 7 times anticipated 10% increase / 5% anticipated increase in HPI = 2 times anticipated 7 / 2 = 3.5 times HPI lag versus the money supply Will we see that 3.5 times lag play out as another 30% straight increase in the HPI? Many other factors such as supply and demand play factors in the housing market, but this is an interesting one to watch.
F
by TraderCaps
Hufvudstaden — Bullish: Morning Star, S/R Flip, and moreHufvudstaden AB is a Swedish, Large-Cap real estate company listed on Nasdaq Stockholm. BACKGROUND: - During the severe sell-off in February/March, price traded at approximately -50% at its lowest point, as mesaured from the previous all-time high. - Throughout summer, price traded in a falling wedge pattern, which eventually broke out to the upside. At this point, as demonstrated in the chart, we see a clear local resistance level at around 132, confirmed by a third rejection at that level in mid-September. - We are likely seeing a change in market structure, which started with the wedge-breakout in September. We have at least one higher high, and two higher lows, as indicated by the arrows. - The 132-resistance level was broken in an early-November rally, and that level has seemingly been re-tested and flipped as support. The case of a S/R flip is strengthened by the occurence of a Morning Star pattern, which has formed on the daily chart. PROJECTION: - With double local confluences, including a mid-term S/R-level flip and a Morning Star pattern, going long here could be profitable. - A safer play in the longer-term, however, would be to wait for a proper break of the 140- and 145-levels. 140 constitutes a local double-top from April, confluent with the 38,2% Fibbonaci retracement level from the Feb/March drop. - 145 is a long-term resistance level, when looking on a multi-month/year time period. Price ranged below that level during +2 years time (2016-2018). - Clearing both these levels would signal substantial room for upside continuation and price recovery.
OMXSTO:HUFV_ALong
by amg_nik