$LADR Hung in a rung - Swing trade itFrom peaking @ $8.88 down to 6.25 in the last 30 trading days $LADR has been trading in a range covering 25% of its total share price.
From looking the most recent high to low using fibs we see that the level of support now remains at the .382 fib @ 7.27 (Underlined in black)
RSI remains near a upper neutral potion indicating that this stock may still have a bit more to run.
From beyond a technical analysis - It remains to be seen that a company that has 47% of its total portfolio invested Office/Hotel/Retail is going to remain strong in the next few months. Even grimier when you factor in another 30% is in multifamily real estate.
Short term:
You could potentially swing trade in the zone and wait until the trend breaks. Buy below 6.90 and sell above $8.30
Long term: average into this as I believe it will take a while for real estate to recover.
