EQR is approaching our first resistance at 75.82 (horizontal overlap resistance, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 69.68 (50% fibonacci retraecement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
EQR is approaching our first support at 63.24 (horizontal swing low support, 61.8% fibonacci extenson, 50% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 68.16 (50% fiboancci retracement). Stochastic (55,5,3) is also approaching our first support where we might see a corresponding bounce in price.
Elliot Impulse Bullish Wave 12345 just got completed. Earnings is scheduled for 4/24/18, so big events you need to worry about. Fib. Ret. price action just hit golden ration of 0.618, which high area for reversal time. I see at least a $5.00 bearish drop from $63 to $58 for next week or two. You could sell Bearish Put credit spreads and/or sell stock at this...
#EQR - MASSIVE DOUBLE TOP ON THE MONTHLY (SEE CHART BELOW) ILLUSTRATED VOLUME LOOKS TO CONFIRM EXPECTING FALLS OF AROUND 21-24% SEEING NEW 52WEEK LOWS THE EQUITY RESIDENTIAL SECTOR LOOKS TO BE COMING DOWN WITH NET OPERATING INCOME FOR THE FULL YEAR EXPECTED TO BE BETWEEN 4.5% AND 5.5% DOWN FROM ITS PRIOR VIEW OF 5-6%.THE COMPANY IS NOT MEETING ITS PRIOR...
1. The graph breached up after several consolidation days 2. When it went up a little ,decided to trailed the SL above the exit entry point Not a profitable trade but at least didn't turn it to a loss.
1. All time high 2. Consolidation 3. After Shake-in Candle Q: 170 Tp1: 74.18, Q: 90 ( 2R) TP2 - ??, Q: 80
EQR is outperforming High Grade Corporate Bonds. They typically move together but this time the rental income to EQR has moved up lately and it is driving the shares higher. But it may have gone too far as now HYG has lagged too far behind. Greed and a new high may be getting the bulls too excited here. Buy HYG and Sell EQR and make money when the spread comes...
Would enter the stock at the next pullback. Stock probably will go down since it's at an R1 pivot point. Pattern is almost complete, waiting for a pullback. Price target would be around $60, this is more of a long-term play.
1. Decent fundamentals, recently (oct 24) reported good revenue increase and NOI in their 3rd quarter. However, EPS was -3.9% from estimated. 2. A lot of high volume spikes on the 1 hour chart 3. Good support (double bottom) 4. RSI increasing 5. near 38.2 FIB on D1 OPTION 1: wait for price to break trend line and close above trend line OPTION 2: wait for price...