Rebounding from oversold territory.
A bullish trend is applicable above 449.50. Crossing below this level will negate the bullish trend.
Further bullish trend support above 459.50.
Crossing above 473.50 might target 497.00.
Crossing below 457.00 will be the first sign of weakness.
Might unfold as a similar price action as in March 2022.
BLND (UKX) - It completed flat correction ABC or larger degree and now correcting down in some complex correction wxy or flat ABC like structure. The internal x wave expected to bounce before it moves down again.
Give thumbs up if you really like the trade idea/analysis.
Currently testing the trend which has been in place since 08/19. Offers a very nice yield of 5% and definitely a good option if one seeks to add REIT exposure. With Brexit fears now all priced in I belive this stock will go higher.
Potential to capture large gains from a bullish channel swing. There was a recent resistance breakout, which now is a support.
Hold till resistance/ when RSI signals a reversal.
Place stop loss below support.
Risk/Reward ratio: 4.5
I missed the perfect trade here with the breakout then consolidation and the trade was the break of consolidation, with this making higher lows and higher highs I will buy on a backtest.
I expect British Land to break out from this triangle formation next week. Brexit selling in the short-term has been absorbed by value buyers. It's trading at a wide discount to it's net asset value. There is a gap on daily at 765-770 which should get filled and you could scale out there. Trix Ma is about to turn positive on weekly
