BNL broke out of consolidationBNL had a pull back mid June and has since recovered to make new all time highs.
Since breaking out it has been consolidating right above resistance hence making it a new support level.
* New company
* Steady up trend
* Pays generous dividends
* Broke above pull back with relatively higher volume (7.28%)
* Creating new support level from the broken resistance
* Price is at a great point!
Trade Idea:
* Entry at previous close $27.63
* Stop at $26.20 (~5%)
* Target at $33.17 (~20% ROI)
BNL trade ideas
$BNL is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
Broadstone Net Lease is a single-tenant commercial net lease REIT with 633 properties in the US and Canada.
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $16,23;
stop-loss — $16,68
take-profit — $14,88
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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