A Descending triangle on IIPR?If this is a classic descending triangle, we get 2 c price around 60 ?
0JBD trade ideas
CANNABIS REIT attracts investment during shaky markets. =====PRICE TARGET $135======
LONG ENTRY $103
SUPPORT FROM 100MA AND FIB'S @$100
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.
IIPR Short-Term SwingGoing long @ 101.62
Stop @ 99.59
Target @ 107.00 - 112.00
* Volume seems stable
* Resistance @ 106.10 seems somewhat weak. Price is holding above 100 so far
* Resistance @ 113.05 seems pretty strong
* Support @ 98.14 seems pretty strong
* Support @ 88.29 & 92.02 - Good place to accumulate for long-term hold
* RSI - Bounced @ 56 and slowly trending up to 60
* Stoch - D% about to cross K% @ 43
* Stoch RSI - D% crossing K% @ 2 - Good buying opportunity
Noob here so DO NOT take any advice from me. Learning how to swing trade so any feedback is appreciated.
Indiana J
"Through our eyes, the universe is perceiving itself. Through our ears, the universe is listening to its harmonies. We are the witnesses through which the universe becomes conscious of its glory , of its magnificence." - Alan W. Watts
Classic top scenarioHappening on the major indexes and big tech as well. also observed on bitcoin and many other asset bubbles like the 2000 tech bubble. Seeing this pattern a lot lately, wouldn't be surprised to see it here.
Good short term scalp that will fool many into thinking there will be another impulse wave. Then dump
An Ascending triangle on IIPR As part of my studies of the triangle patterns i try to test the theory .
If this is a classic Ascending triangle, ill expect a breakout in the end of next week with a sharp increase in volume.
One of my donuts i have right now is the time dimension of This triangle
Usually The formation of a triangle is more then a month.
"Just 4 the study"
beware the IIPR topparabolic rises in such short term time frames are almost always followed by big drops (see every bubble ever). with a PE ratio of almost 140 (dotcom is that you?) the big short is here.
Long on IIPR.May be a good idea to go long on $IIPR . Currently in the oversold zone and hitting the SMA 50. The sale rally may drop the $ lower to around $90.
IIPR Yr4 to Yr3Yearly R4 to the Yearly R3 pivot point. Computer are programmed to buy & sell @ pivots.
see me on twitter @pivotal_pivots
IIPR Yearly R4 pivot pointThe Yearly R4 pivot point stopped the run away rally. Look for support on the YR3 pivot @ $105.55.
IIPR 21july2019 update @cryptokneetrade worked out,took some prof at break of high, then got dumped on, didnt manage trade as well as I should have. Still holding a bit, this is another chart where I need clarity. Maybe top in, ext 5th, sideways WXY need to break some Ls or Hs MO
IIPR possibly maybe could be 5jul2019 @cryptoknee Triangles are tricky. Converging TL and dropping volume can make a pennant or whatever but EW triangles have rules... cant get a super clear count of the interior waves, so its iffy for me. IF it is a triangle, 1:1 the width of the larger part of triangle off the termination of the E wave is the usual trust out of the triangle....or an extended 5th wave! who knows..
WARNING : Flag Potentially Turning into H&SSTRONG insider buying, however, the pattern may have shifted warning of a potential drop to 108 before the bulls get their shot again
Imminent BreakoutIIPR is ready to breakout again after having already gained 259% in 12 mos. One of the best plays in the MJ market because they lease land to growers and have no need to worry about sales or supply (EPS $2.15 and GRT is 37%). They pay dividends (Dividend yield is 184% with a payout of 2.40 annually with a grwoth rate of 21%) to, which is rare in this fairly new sector.
short term swingTopping descending triangle pattern. Look for the pullback for reentry for an equal top at least maybe higher.
massive short opp.With a PE ratio touching 140, fully parabolic move is mostly over. Looking for good OOM put options with expiry around 2020-2021
IIPR 17jun20189 @cryptoKneeits gone full ATH bulltard, extensions are tough to keep track of, dangerous entries IMO but risk could be rewarded. Youre either attempting a knife catch or risk getting dumped on... a reasonable person would wait for some LH and LL..
IIPR - massive extension - needs to pull backRSI getting close to reaching previous ATH
Price over and above 100% fib extension
Up over 15%+ in a week
Price needs a healthy re-tracement
Good time to take some profit off the table and re-enter trade at a big pull back
Fundamnetally this REIT is way over-valued - its a trading instrument, not something you invest into - highly speculative
I'm watching the RSI and volume levels - but am already up 40% since entering this trade at 80$ during its consolidation period a few weeks ago
Looking to just close out my trade or sell 3/4 of shares and let the remainder 1/4 run - and just monitor for a pull back to ride the uptrend again
Long term uptrend is still solid so i see no reason to trend trade against this - its a matter of waiting for a healthy pull back to earn income on trading
Ascending Triangle Formation IIPR Ascending Triangle Formation
IIPR
This is a Cannabis Relatted Reit. Spetialized in buying the space for growing the plant Relatted to Medical.
