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HaseebKhan_90

ACRE offering an early entry?

Long
Ares Commercial Real Estate Corporation (NYSE:ACRE)  
HaseebKhan_90 Updated   
NYSE:ACRE   Ares Commercial Real Estate Corporation
Trend Analysis Chart Patterns buysignal buysetup buyzone consolidation-breakout
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trendanalysis chartpattern buysignal buysetup buyzone consolidation-breakout
* Good earnings
* Strong up trend
* Recently broke previous all-time-highs of Feb 2020
* Formed a tight consolidation for 7 weeks
* Breaking out of the consolidation with higher than average volume
* High relative strength in the Real Estate sector
Comment:
ACRE just printed a pocket pivot with yesterdays volume higher than any of the previous 10 day down volumes. Pocket pivots are a sign that institutions are starting to step in and set a higher probability in our favor.
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