Simon Property Group 4H, LONGI'm suspecting after the double bottom is formed a strong move further to the North. I won't make any promises, but this is my view.
Good luck everyone!
1SPG trade ideas
Long strategy for SPG, post COVID-19 pandemic shockTarget Price 1 = $96
Target Price 2 = $109
Target Price 3 = $126
Around those prices, I shall realize profits and purchase more below the respective target levels.
Using fibonacci retracement to increase gains. Let's see how this projection pans out.
Simon Property Group (SPG) long.All description on the chart.
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SPG - Simon Property Group Technical AnalysisTechnical Analysis - Go long
Fundamental News Today
Simon Property Group (SPG) – Simon is suing apparel retailer Gap (GPS) over nearly $66 million in unpaid rent, according to online real estate publication The Real Deal. Gap is the largest tenant for the nation’s largest mall operator.
NYSE:SPG - Recovery Trade- Simon Property Group is another casualty from the recent sell off due to the COVID19 pandemic
- Price has formed a nice base to trade a long from and looking for a recovery here with a decent risk reward.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Hold off buying SPG until it proves it has legs. SPG has been rejected multiple times @ $60.60 (Lower black line)
It has been rejected multiple times after rising up to 63.15
Instead of trying to time and chase this one, it makes more sense to let the price come to you.
Plan to trade:
Limit buy @ 60.62
Stop loss @ 59.25
Limit sell @ 63.15
SPG - Clothes, Food Court, Window Shopping...its all coming backAmerica will open back up soon. Several states already open, like Texas and Georgia. Many more states will open next week.
What will people do when things are open again? Go shopping! C'mon, everyone loves the Mall - clothes, games, food!
We all miss that stuff and guess what, SPG owns most of the malls in USA. When news hits that ALL malls are open in USA, what do you think will happen to this stock?
Position: MAY 15 - Entry - Long 200 shares SPG @ 51.27
$SPG Spinning Around For That Next Leg Down...You can check my previous calls on this name with regards to the fundamentals of the trade. This trade however is purely based on technicals and the shorter tf. As you can see there is a classic bearish flag that has formed on the 4h chart.
SPG - Simon Property Group Technical and Fundamental AnalysisWait the right signal to go long based on Technical and Fundamental Analysis
Simon Property Group says it plans to have roughly 50% of its malls and outlet centers reopened again within the next week
As of Monday, the company said it has reopened 77 of its properties in the U.S., where local lockdown restrictions have been eased. It said a dozen of its premium outlets have reopened.
As of March 31, the real estate owner had roughly $8.7 billion of liquidity, consisting of $4.1 billion of cash on hand and $4.6 billion of available capacity under its revolving credit facilities and term loan.
SPG hasn't handled the pandemic wellSPG has lost $100 of value for each share. If you are able to manage risk and are a long term investor this is the perfect stock for you. This stock could take 2-3 years for the value to go all the way up. It is currently following the same pattern over and over that's why I say this could take 2-3 years for the value to return. If your a investor who likes to wait for confirmation then you should wait from $75- 125 depending on the person to invest in this.
Long SPGBounce off support @ 55, 53, and 40. Watch for these levels for a long term entry level. Stock will most likely cut dividends which could make the stock fall below support but long term a great investment opportunity for REIT investors. Once malls open back up, could see a major climb up.
Fibbonacci retracement: Way below .618 golden ratio perfect opportunity to get in.
.618 Golden ratio level = $64.31. (Any price below this is considered a good buy in opportunity)
3 Month High: $74
3 Month Low: $48
.50 level: $61
1 Year Price Target: $79.87
Potential Reversal This is one of the stocks that got decimated in the recent weeks. Base on the chart, I'm seen potential reverse to the upside. You can see the Head and Shoulder patter. Usually, the Head and Shoulder is good indicator of a reversal. I'm planing to take a long position in the stock and see how it will plays out.
Simons Property Group will be rise in the long-termSimons is the largest luxury mall owner and premium outlet owner in the US. It has recently fallen from $160 to $46. This is because covid-19 is forcing them to close their malls and in turn lose a lot of business. The malls will be closed for a little while longer, which will force their stock down in the short term. But they will not go under, whereas many of the smaller mall owners will go under, and the tenants of the small owners will be looking for malls to operate in, which will drive up Simons' stock price.
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SPG - Long Setup SPG - Break above 62.13, Stop signal 54.87. Massive insider buying. Could consider some $65 July or October calls (currently $5.35 and $8.20). 4 institutions bought into them in February as reported by insidercow.com
