For anyone that experienced this pattern that is extremely similar to a structure formed on BTC during late 2018 you know what I mean.
This is a replica of the formation.
MFA Financial, Inc., through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit...
With the real estate crash in march 2020 for MFA now i think its recovering little by little. So, on the Daily time frame its forming a nice bull channel. On the 4 H time frame we can see a rising wedge with a potential target 4.60 $ . On both time frames holding the 20/ 38 EMA (bull sign). If we break out of resistance we can go higher 5.20$ . Short period for...
This is one of the stocks that saved my portfolio during the covid crash. This AMD and QIWI. P.s. QIWI is assist of Genesis aswell. Just like Coca-Cola, JNJ, Bank of America, and many others that you wouldn't believe. But for the true gains right now besides these and biotechnology, don't forget about the protocals for blockchain. Aka crypto currency. Like RSR,...
MFA broke out of a descending triangle into a consolidation period. Looks like accumulation to me. Seeing all the previous ER except the last one it looks like it's going back to normal. I see this hitting 5$ soon. I can only imagine how much they capitalized on the spikes in foreclosures and other real estate that went up for grabs during this pandemic.
Tickeron A.I.dvisor analyzed 232 other stocks in the Real Estate Investment Trusts Industry over the last three months, and discovered that 209 of them (90%) exhibited an Uptrend while 23 of them (10%) exhibited a Downtrend.
Be on the watch for MFA's price dropping or consolidating in the future -- when this happens, think about selling the ticker or exploring...
Within 90 Days
PT #1 : $3.38
PT #2 : $3.78
Within 180 Days
PT #3 : low $4.00 range
PT #4 : $4.54
Stock has been beaten up last couple of weeks because of ER miss and they did not reinstate a dividend for their common stock. In essence, they gave notion they will pay a dividend before October in order to avoid excise tax (REITS must have a % of taxable income to...
