MAA showing strength in the Real Estate sector.
* Good earnings
* Very strong up trend
* High 3-month relative strength in the Real Estate sector
* Breaking out of a base on base pattern
* The upper base was constructed over 6 weeks
* Breaking out with a lot of volume (130.2% above the 15 day average)
* The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing signs of breaking out.
Trade Idea:
* Now's a good time to enter as the price broke out for the second time in 3 days.
* It broke out with tonnes of volume so I expect $207.69 to serve as support moving forward
* Alternatively, if you're not getting in now, you can look for buying opportunities near the support of $207.69.
Caution:
* Needless to say, the market is very volatile at the moment and if this makes a daily close below the 20 EMA you might want to consider taking an early exit.
* Very strong up trend
* High 3-month relative strength in the Real Estate sector
* Breaking out of a base on base pattern
* The upper base was constructed over 6 weeks
* Breaking out with a lot of volume (130.2% above the 15 day average)
* The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing signs of breaking out.
Trade Idea:
* Now's a good time to enter as the price broke out for the second time in 3 days.
* It broke out with tonnes of volume so I expect $207.69 to serve as support moving forward
* Alternatively, if you're not getting in now, you can look for buying opportunities near the support of $207.69.
Caution:
* Needless to say, the market is very volatile at the moment and if this makes a daily close below the 20 EMA you might want to consider taking an early exit.
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