ELS approaching its all-time-highs! Will it break through?
ELS has been absolutely crushing it for the past 6 months with every month closing green!
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
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