Satrix Property ETF has been consolidating in what looks like a bull flag
Watch for a break out of this flag for a 1025 target price
Bullish looking chart
Another bull flag in the making ? This unloved sector has got a long wat to go to pre COVID levels. If this consolidation turns out to be a bull flag, it would have some interesting upside potential. First resistance level is around 1400. I have a position.
After STXPRO broke what looked like a bull flag at around the 800 level, both targets of 865 and 916 (911 actual) have been reached. The ETF has since broken back below the 865 level and could once again start to consolidate between this 607 and 865 level unless some bullish looking pattern starts to emerge. No position currently and just watching.
After a very bullish looking flag breakout around the 780 level the first target was reached on this share. The second target around the 916 level is within reach today. I'm expecting some consolidation around the the 920-930 levels after which I will reevaluate. Property have got a lot of upside potential after a few years of dismal performance. One to continue...
Nice looking bull flag building on this one. Still eyeing those 865 and 942 targets. Watch for a flag break. Will add again when the flag breaks on the daily. No position currently.
This ETF has started to perform better with positive COVID vaccine news. It has now formed a inverted head and shoulders with a 865c target if it breaks.
SATRIX's property ETF is a perfect instrument for just that.
Price has been trending down for a year and a half.
The 1575 level which provided so much support on the way down was broken over a month ago and is now acting as resistance.
See those big old wicks on the upside going back through 2019? Those a rallies that were kicked in the teeth, turning into big...
