"Greatest eREIT in the world" stable in weekly price, no buyers
I saw a Seeking Alpha article touting FRT as the greatest eREIT in the world. Large scale volume and TPO footprint certainly backs up that claim. This thing is just a monster for big funds to own apparently. They keep searching higher for greater value areas.
That search seems to have halted in 2016 for now. It's testing the previous 2015 value area and from the looks of it, it's stable, not attracting more buyers.
Given the market profile (not shown because I don't use Pro Tview (I don't like their profile tools)),
there is an unbalance that may require price to explore down to the previous smaller timeframe value area near 121. I put that TPOC at 121.69.
This coincides with a Fib expansion from the center of the current balance area nicely.
Also, a trendline from behind the 2015 lows.
So I'd be OK with buying FRT after a touch of the naked TPOC at 121.69 and an oscillator Long signal.
That's where I think the shorter timeframe buyers are likely to step in.
From there, maybe it's a 3% yield to farm.
That search seems to have halted in 2016 for now. It's testing the previous 2015 value area and from the looks of it, it's stable, not attracting more buyers.
Given the market profile (not shown because I don't use Pro Tview (I don't like their profile tools)),
there is an unbalance that may require price to explore down to the previous smaller timeframe value area near 121. I put that TPOC at 121.69.
This coincides with a Fib expansion from the center of the current balance area nicely.
Also, a trendline from behind the 2015 lows.
So I'd be OK with buying FRT after a touch of the naked TPOC at 121.69 and an oscillator Long signal.
That's where I think the shorter timeframe buyers are likely to step in.
From there, maybe it's a 3% yield to farm.