$SPG Long to 150+ Ascending triangle break out coupled with strong volume, MacD cross & tons of 145c 11/19 and 1/22 150c (coincides with .618 extension).
0L6P trade ideas
Buy $SPG - NRPicks 16 AbrSimon Property Group operates as a real estate investment trust dedicated to the ownership of world-class stores, restaurants, entertainment and mixed-use destinations.
The company is in a delayed sector, consolidated its recovery and uptrend.
- Revenue $4.6B
- Net Income $1.1B
- EBITDA $3.2B
- EBITDA MARGIN 71.1%
- Dividend Yield 4.54%
SPG is about to break out Real estate is expected to out perform the index in 2021. NYSE:SPG is about to break out and go for a nice bull run, long the break above 96$. Anticipated price movement is shown on the chart, stop 80$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
SPG - uptrend or not really?I see couple of gaps to be filled here.
So the question is - where do we go first?
Will the lower gap be filled during the shopping frenzy? Do not think so.
Moreover - do we see a golden cross forming here???
Yep! So first we go to 95-100 in Jan, and then (maybe…) back to 60’s in Feb-Mar.
$SPG - another nice set upStill do not know who called the REITs and told them to boom, but the time is ripe.
Similar to $RPT.
Has a gap to fill.
I like longer call options so I would be looking at March 19th $95 strike for $635 each.
I am seeing 66% return on this one around the $100-$101 mark.
Earnings are the 29th of January; I do not hold calls through earnings personally.
Triple bottom breakout , Weekly chartSPG Recieved a "Well health rating" that help them Soar 7% today. I've had my eye on this stock for months, they own a bunch of property and real estate in malls. Volume was double it's normal today but even that couldn't get it across that conformation line of 95.56.
if they can breakout of that next target is that down trend line (white line) which is at 98.50. After that is the next target 112.50
SPG LongTrendline break + revisit
Price Crossed above EMA13 (Possible ABC Pattern)
EMA50/EMA100 as support zone
Entry 84
stop 77
Target 110
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
