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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
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
FRPH: $49.24 Short Target from MomentumFirst off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let us get into my analysis. Many people have recently gave FRPH buy ratings, but its momentum haven't been too strong to say it still doesn't have steep resistance curves as well. Given where I would put the target based off of past correlations, I think the next target for a short call that is quite bullish, should be around $49.24.
NASDAQ:FRPHShort
by gamer456148