An early sign of a short setup forming on NXRT. I'll be waiting for the short zone, and taking smaller entries at the bottom of the zone vs the upper edge, in order to get the risk/reward I'm looking for.
Break out of resistance trend line. Completed Wave 4 and beginning of Wave 5. MACD crossed and diverged. Above SMA 50. All angles up.
Looks good toward first Fib target $52.
Entry around $44.50, Stop Loss $40.
Happy earning!
Another REIT trending nicely. Worth a watch in these turbulent economic times. It's at the midpoint on its 90 day linear regression channel with an RSI in the low 60's so could still be some value there. It's trading within an 8% range in the channel so not too volatile and easier to set stops - especially trails.
NexPoint Residential Trust, Inc. is an...
