LAR LRE Double bottom target at 9€ +28%LAR ESPAÑA REAL ESTATE has a double bottom target price at 9€ giving a +28% potential target. If this target is achieved could lead to a AB=CD pattern to 10.25€ and a bigger double bottom target 11.17€.
LRE trade ideas
LAR ESPAÑA REAL ESTATELAR HAS BEEN MOVING WITHIN A BEARISH CHANNEL IN THE LAST MONTHS. IT IS NOW TRYING TO RESTRUCTURE TO POSSIBLY START A NEW LONG IMPULSE. IT MAY DO SO WITH PRICE ACTION MAKING A DOUBLE BOTTOM AROUND 6 EUROS. TECHNICALLY ONE SHOULD GO LONG ABOVE 6.70 EUROS, THAT IS ABOUT 10% ABOVE THE STOP LOSS. IT MAY BE POSSIBLE TO FIND SOME OTHER ENTRY POINT AT SHORTER TIME SCALES. I WILL FOLOW LAR IN THE NEXT WEEKS.
