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RMR: Elliott impulse wave finishing, correction wave incoming?Hi. I've plotted a resistance zone that's been prevalent since the start of the year. I've also plotted some Elliot waves: some past, some current and some incoming. The recent Three Drives pattern is over and unfortunately I didn't recognize it in time. But a good question then is what's next? Well there is a clear impulse wave occurring at the moment. The high price difference between the MA 56 and close price strongly indicates that the impulse wave will continue to finish wave 3 and 4. The exact time when this will happen is uncertain, the price on point 5 is just an example. But this means a correction wave is incoming when the impulse finishes. There are two decent position to make if you believe the impending waves are probable: When the current impulse wave has finished there is a good timing for a short position to profit off of the correction wave. When that correction wave is complete there will most likely be an impulse wave. A long position when this is apparent or a long position on the B point of that wave could both be decent. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NASDAQ:RMRLong
by Kabeldon
Care Property Invest: Fibo suggests to buy at 24.80€Private placement of 1.736.346 shares at a price of 25.55€ made today to acquire "Résidence des Ardennes" (Attert, Belgium) makes the share price tumble more than 3.35% once trading is opened at 14:30h (closed since 9:00). Fibonacci retracement suggests buying at 24.80€. However, volatility in markets due to lockdowns may drag the price towards 18.80€ again but with these good fundamentals it's hard to imagine: P/E = 22.34 (industry 20.95) EBITDA 5YA = 105.2% LT Debt to Equity ratio = 55.53% Total Debt to Equity ratio = 93.27% Payout ratio = 71.68% So, good entry point at 24.80€. But today a triangle also closed and normally when triangles close, means spike up or down. Let's keep eyes focused on China and its covid19 evolution as well in order not to be caught by surprise as last March when everything was falling since the end of January 2020. Man is the only animal that trips twice over the same stone, however maybe market psycology is already discounting that. Who knows.
EURONEXT:CPINVLong
by alexinve
Housing Market Rocket Ride to Continue? M2 Money Printer BrrringFMAC HPI Housing price index is interesting to look at versus the money supply. Both are always increasing and fairly predictable since 2012. The HPI tends to follow this ebb and flow moving up all the time, until this year where we haven't seen it's typical plateau. When you check the money supply trend, M2, we can see that if we follow the trend going back to like 2012, that since January 2020 we should have seen only around a 3% max increase in the money supply, and maybe actually flat if we were at the bottom channel. Instead we've seen 18% more increase than the 3% we anticipated, for a total of around 21% increase where we would have expected a maximum of only 3%. Now looking at the HPI we can see that very typically it ebbs and flows in these 4-6% up cycles, lets call them 5%. This year we haven't see that plateau and have gone straight up about 10%, only double. The question is how correlated are these two, are we set to see another 35% straight increase in the HPI over the coming months and years??? 21% increase / 3% anticipated increase in M2 = 7 times anticipated 10% increase / 5% anticipated increase in HPI = 2 times anticipated 7 / 2 = 3.5 times HPI lag versus the money supply Will we see that 3.5 times lag play out as another 30% straight increase in the HPI? Many other factors such as supply and demand play factors in the housing market, but this is an interesting one to watch.
F
by TraderCaps
Hufvudstaden — Bullish: Morning Star, S/R Flip, and moreHufvudstaden AB is a Swedish, Large-Cap real estate company listed on Nasdaq Stockholm. BACKGROUND: - During the severe sell-off in February/March, price traded at approximately -50% at its lowest point, as mesaured from the previous all-time high. - Throughout summer, price traded in a falling wedge pattern, which eventually broke out to the upside. At this point, as demonstrated in the chart, we see a clear local resistance level at around 132, confirmed by a third rejection at that level in mid-September. - We are likely seeing a change in market structure, which started with the wedge-breakout in September. We have at least one higher high, and two higher lows, as indicated by the arrows. - The 132-resistance level was broken in an early-November rally, and that level has seemingly been re-tested and flipped as support. The case of a S/R flip is strengthened by the occurence of a Morning Star pattern, which has formed on the daily chart. PROJECTION: - With double local confluences, including a mid-term S/R-level flip and a Morning Star pattern, going long here could be profitable. - A safer play in the longer-term, however, would be to wait for a proper break of the 140- and 145-levels. 140 constitutes a local double-top from April, confluent with the 38,2% Fibbonaci retracement level from the Feb/March drop. - 145 is a long-term resistance level, when looking on a multi-month/year time period. Price ranged below that level during +2 years time (2016-2018). - Clearing both these levels would signal substantial room for upside continuation and price recovery.
OMXSTO:HUFV_ALong
by amg_nik
$IVR REIT WITH THE HIGHEST BOUNCE BACK POTENTIAL 500%!Going to Keep this short and sweet. Over the last 2 years prior to COVID-19, Invesco Mortgage Capital consistently steered between $15 - $17. With a potential Vaccine in the mist of being approved from Pfizer... www.nytimes.com I expect the nation to bounce back and quickly... With $IVR Currently sitting at $3.13 a 500%-550% growth over the next 3-5 months is not unfathomable. This is a Strong Buy and Hold Situation. And sell when it bounces back to normalcy levels for a nice Profit.
NYSE:IVRLong
by AlexCutler247
3
The Joe Biden Tax PlanJoe Biden Tax Plan Topics: ☐ increase capital gains tax ☐ elimination of step-up basis ☐ elimination of the 1031 exchange As the 2020 presidential election comes to an end, many are wondering what Joe Bidens' Tax Plan could do to the asset markets; By looking into his tax plan, we may have a couple of hints. As many know, democratic nominee, Joe Biden plans to raise taxes on corporations along with taxes on individuals who make more than 400k per year. This will be done by raising income, payroll, and most importantly, capital gains taxes . Any time someone sells an asset like stocks, bitcoin, or real estate for more than what they purchased it for, it creates a taxable event. Taxable events like these are what make up the capital gains tax. As an example, let's say you purchased 1 Bitcoin for 4k earlier this year. With the rapid increase in Bitcoin's price, you decided to take profit at 14k, leaving $10,000 of taxable income. The percentage of that which is owed to the government is dependent on the capital gains tax rate. Biden plans to raise this capital gains from 20% to 40% for those making more than $1 million per year. Though most of us do not make more than $1 million per year, a 20% tax increase will lessen the incentive for big players to be in the market. Thus having a negative effect on asset prices all around. Another factor to consider is that Biden plans to eliminate step-up basis. Currently, when an asset is left to an heir, the basis of that property is increased to its current fair market value. If that heir then chooses to liquidate the asset, it is only taxed on the difference in price since they gained possession. By eliminating the step-up basis, when the heir goes to sell, they will be taxed from their grantees' purchase price. This could potentially reduce the number of people holding assets long-term. Lastly, Biden wishes to eliminate the 1031 ' like kind ' exchange. For those of you familiar with real estate, many people have used the 1031 exchange to move liquidated funds from one investment property to another tax-free within a timed threshold. By eliminating this, there will be much incentive for property investors to keep re-investing their money. Likely having a negative effect on housing prices. By reducing incentives to keep investors money in the market, it seems that the Joe Biden Tax plan could have a negative effect on markets all around. Looking at Bitcoin technicals, it seems it is ready for some bearish fundamentals. The BTC price is grinding against the top of the year-long channel which I do not expect to break without a fight. Looking forward to seeing what effect the presidential election has on immediate pricing.
COINBASE:BTCUSD
by oh92
22