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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
REDFIN Bottomed out | Full Send Into Earnings $RDFN$RDFN shines as mainstream housing outlet; Redfin has outperformed the AMEX:SPY . Trust the TA ~ The stock currently sits above what has proven to be strong support @ $43.9 Watching the orange trend line as support as well, it holds strong on the weekly timeframe. Looking to bounce off this. Possible long on hold above @ $43.9 Upside targets: $48, $50, $52.69 Possible Short Entry: $42.3 Caution needed in this stock as we have a possible Double Top pattern forming. Follow levels accordingly DotcomJack | MJ of Stonks
NASDAQ:RDFNLong
by DotcomJack
Real Estate crash coming?It has been a long time since our last ETFs discussion. Today I have something to share. IYR (US Real Estate) is getting ready for a new decline. COVID is a real disaster for an offline business. Thousands of restaurants and other retail businesses have already closed and this number will be increasing. It is a dangerous sign. With that in mind, we can experience the start of a new decline in the USA commercial real estate in the coming 2 – 3 months. Once the destruction of earning levels reflects into the economic cycles, banks will tighten lending opportunities. That means the number of capable buyers will decrease at a time when home inventories may begin to skyrocket. Does it remind you of something? – It is very similar to what happened before the 2008-09 credit crisis. Pay attention to the Case-Shiller data. It is showing home price levels had already exceeded 2006-07 levels. So, what do we have? – Extremely high price levels, combined with the uncertainty of future earnings, unemployment, a big number of closed retail businesses, falling consumer confidence, layoffs, etc. What result can we expect? Real Estate ETFs can decline another 30 – 50%. So, if you deal with USA commercial real estate, it makes perfect sense to hedge your risks. And active traders have another pending opportunity to get substantial gains.
AMEX:IYRShort
by UnknownUnicorn1156963
1
Lowe's climb can continue on strong home-building dataIntroduction Strong upward momentum for Lowe's has been slowing lately along with the rest of the market. However, I think the upward march for this stock can continue for both fundamental and technical reasons. Fundamentals Like nearly every other stock in this market, Lowe's is trading at a higher multiple than the stock has traditionally traded at. Unlike nearly every other stock in the market, the Lowe's multiple is actually justified by the prospect of future growth. Fidelity and Zack's both calculate the PEG ratio on Lowe's to be close to 1, which is fair value. Most stocks are trading at PEG ratios between 2 and 8 right now, making Lowe's one of the most attractively priced stocks I've seen lately. Lowe's boasts strong ratings from analysts, including a 9.2/10 Equity Starmine Summary Score, a 74/100 valuation score from S&P Global, and a "Leader" ranking for corporate governance from MSCI. Options traders are more bullish than bearish on the stock for both the short and long term. Perhaps more importantly, Lowe's is sitting in an extremely strong sector. Today, mortgage applications data beat by a wide margin. Business spending data shows home building supply as one of the only sectors in strong expansion, with investment up 20% YoY. Homebuilder Taylor Morrison posted 24% sales growth with a large order backlog. Consumers have spent the pandemic doing home renovations, and as a result, economic data for the sector have consistently surprised to the upside. In the medium term, the big risk for this sector is that mortgage forbearance will expire, houses will go into foreclosure, and real estate prices will collapse. That's currently scheduled to happen on August 31, but there's been talk in Congress of extending forbearance until sometime next year. Currently more than 8.5% of mortgages are in forbearance, so this is a potential residential real estate apocalypse if Congress doesn't pass an extension. If you take this trade, keep a close eye on what happens with that expiration date. Technicals Note the hidden divergence I highlighted on the chart, with the MACD making a lower low as the price made a higher low. However, it's also important to note that Lowe's today has dipped below its 3-month trend line, albeit not with any conviction or volume. I've taken a small nibble here to satisfy my FOMO, and set an alert to buy more near the volume support at $130.30. I may look at buying a call option for the end of August, since Lowe's reports earnings on August 18.
NYSE:LOWLong
by ChristopherCarrollSmith
6
IVR was a top gainer,rising +87.26%. Expect Uptrend continuationTickeron AI shows that Invesco Mortgage Capital (IVR, $4.18) was one of the top quarterly gainers, jumping +87.26% to $4.18 per share. Tickeron AI analyzed 232 stocks in the Real Estate Investment Trusts Industry over the last three months and discovered that 212 of them (91.37%) charted an Uptrend while 20 of them (8.63%) trended down. Tickeron A.I.dvisor found 93 similar cases when IVR's price jumped over 15% within three months. In 77 out of those 93 cases, IVR's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for IVR are 83%.
NYSE:IVRLong
by AlTorress