$TWO - REIT getting slammed with Rate Hikes / Bearish
Atualizado
Bearish below $15
Looking to short it if it breaks support zone.
Good Dividends but unsure if it's worth buying at support level.
Swing Idea:
1. Short below $15 / Cover over $15.50
OR
2. Buy at support level and write a cover call when it gets to resistance level
I think it will fall more as the fed rate hikes will impact all the REIT.
I will monitor next week to see watch the daily chart. Only issue I have with TWO is they had a reverse split and have not been doing well. If it continues to fall in price, I think another reverse split will happen. Which is why I am bearish.
If you're an expert with REITS - please comment and advise with your thoughts on it. Thanks!
Looking to short it if it breaks support zone.
Good Dividends but unsure if it's worth buying at support level.
Swing Idea:
1. Short below $15 / Cover over $15.50
OR
2. Buy at support level and write a cover call when it gets to resistance level
I think it will fall more as the fed rate hikes will impact all the REIT.
I will monitor next week to see watch the daily chart. Only issue I have with TWO is they had a reverse split and have not been doing well. If it continues to fall in price, I think another reverse split will happen. Which is why I am bearish.
If you're an expert with REITS - please comment and advise with your thoughts on it. Thanks!
Nota
Went long at Green Line and have sold at ORANGE LINE. My Stops will be hit soon and will buy at Green Line.Nota
Tight Stop in Place.. Rinse and repeat play.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.