We filled the gap $NNNGap was filled solid looking for a small pull back and then Ath from here housing market is hot baby.
NNN trade ideas
$NNN with the bull flag NNN can get juicy from here bullish on the market in general just expecting a small pullback soon but that 2020 trendline is approaching and were long from there.
Good price zone to go longI am going long tomorrow open; pays good dividend and I like REIT during market down time.
NNN technical analysisI'll wait until I see it break out of this triangle. Horizontal lines are potential bounces. The lowest horizontal line is a potential spike down to be aware of even if it's just flushing people out and then headed back into the buy zone.
NNN is very attractive at current priceThe 20Y chart shows NNN is on a steady ascending channel .
The 20Y CAGR of NNN is 10.97% vs SPY's 9.86%
Out of the past 27 years, NNN traded below the middle of the channel for only 5 years.
It's now been trading under middle of the channel for 6 months. This is combined with that the RSI was at a historically oversold level and is turning up pretty decisively. If history is any indication, this alludes to years of strong performance.
Coming back to near term chart (above):
1. NNN is on a steady recovery from March low
2. Comparative strength against SPY is climbing up on increasing volume
3. Near term 21 EMA is pull up and away from 50 SMA and approaching 200 SMA
So I believe we are at a sweat spot to buy NNN for both near term and long term gain.
Thanks for reading!
NNN: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to find an entry price within the expected pull back zone 42.87 - 43.24 as previously being back tested.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
ADX slopes down pointing a bearish decline.
CCI diverges the price crossing down the zero level as well as shown in the chart.
OBV breaking down supporting trendline
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Volumes increased with price retesting the US$44.72 level.Monitor for a breakout above US$44.72.
Targeting the US$46.88-US$48 levels.
Support will be set around US$43.34
National Retail PropertiesThis REIT is in a longterm uptrend, Bought the pullback to this demand zone highlighted in yellow.
Entry: 44.64
Stop Loss 43.5
Target 1: 45.60
