$SPGStill trading within the channel, it was like hit n run from the resistance, waiting to see break above to get the momentum going
SPG trade ideas
Earnings Expect down on SPGI don't follow this stock. It's just for journaling earnings expectations.
$SPG Simon Property Jumps on AMZN rumors
Potential upside target to 50ma & 0.382 Fibonacci resistance at $74.00
SIDEWAYS FOR THE PAST 0NE MONTH GATHERING STRENGTH FOR NEXT MOVESIDEWAYS FOR THE PAST 0NE MONTH GATHERING STRENGTH FOR NEXT MOVE.HOLDING WILL ADD MORE.
$SPG Long Term Bullish$SPG Oversold at Support - Bullish Options Activity
Falling wedge into uptrend lower channel support line - expecting a break of the wedge to the upside near term.
Medium Term Target: $95.00 by mid-Sept
Bullish Options Activity Today:
1,100 $130.00 strike (deep out-of-the-money) Jan'2022 (18 months from exp) calls traded today for a premium outlay of ~$500K
With Friday's closing price of $60.57...this stock would have to more than double from here for these calls to finish ITM. This options trade is a big bet on a post-COVID retail/malls recovery.
WAIT TILL BREAKOUT.WAIT TILL BREAKOUT.IF GOES DOWNSIDE NEXT SUPPORT @ 56-57 BELOW THAT 45-48.UPSIDE TGT 70 ,82 AND 90
LONG OVER 60 - We played this one before! 4:1 R/Rstill holding my initial position and looking to add over 60s
Are you copying trades blindly ?There are plentiful of trade calls daily on the internet and every trader/investor , media, hedge funds, bankers, etc are trying to convince you with their story why you should buy or sell a particular stock.
This is one of them; Simon Property and a follower asked me my views on it.
First thing first, I have not dabbled in any REITS thus far, being too late into the game and inadequate capital base. I could be wrong but the objective of investing in REITS is really after the dividends that it is paying out each year.
Say you invest in 100,000 in ABC REITS that pays you 6% dividend a year, that would gives you 6000 in dividends or 500 per month. Many investors like the idea of passive investing where they do their work once and expect to sit back, relax and take passive income.
Say , you need a monthly expenses of 3000 to pay your mortgage, insurance, transport, food, entertainment, etc. Working it backwards, to get 3000 dividends per month, you would require
600,000 (capital) multiply 6% dividend = 360,000 dividend annually or 3000 per month.
Of course, you can accumulate the capital base over time and also gain on the capital appreciation on the REIT share price. You can also compare this with LINK REIT , the largest retail reits in Asia. I am still awaitng........
Nevertheless, from the chart, it looks like there are more downside to go before we see any rebound. So, really, no hurry.
$SPG GOOD SHORT TERM ENTRY/LONG-TERM HOLD ???1h downward channel possible break if bullish. If not then retest of larger channel bottom/support area. Waiting on entry. Great long term fundamentals: largest mall real estate owners trading at nearly half of their valuation from just a few months ago.
Simon Property Group. Don't miss rare investment opportunity!Simon Property Group (SPG) looks so tasty! Monthly timeframe: 20 years long(!) support line + "Hammer" candle pattern + Oversold on RSI(14)
GAPS GETTING FILLEDGAPS GETTING FILLED,EVERY SMALL GAPS GETTING FILLED IF MONDAY PRICE NOT REVERSED FROM 61 POSSIBLE CHANCES OF FILLING ANOTHER GAP AT 52.20-53.80
SIMON PROPERTY EXPECTING UPMOVE IF PREVIOUS DAY LOW NOT BROKENSIMON PROPERTY EXPECTING UPMOVE IF PREVIOUS DAY LOW NOT BROKEN
SPG BUYBUY SPG
1. POSITIVE DIVERGENCE ON RSI
2. CHANNEL
PLEASE COMMENT AND PROVIDE YOUR VALUABLE FEEDBACK
Simon Property Group Technical Analysis -SPGSPG - Simon Property Group - HOLD.
Based on the fear/concerns about a second wave of COVID-19 prices might keep going down as the support level was broken last week. If on Monday, the price will close above the resistance level, perhaps there might be an opportunity to go long
