Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account.
With the slight uptick in interest rates-ACRE has digested previous gains.
There is a double bottom (thick black line beginning August 12th) with a possible upside move.
Please consider the positives in the chart of-ACRE.
1. Buy Fractal (green box).
2. CHOP line (below chart) sinking out of the shaded area, below 38.2, indicating a new TREND.
3. CHOP ZONE, below CHOP, is green, indicating up trend.
4. The alligator, YOUR COMPASS, is feeding in the uptrend.
5. The Ichimoku Cloud (black) base line and (red) conversion line are both rising.
6. Prices are above both of these lines.
7. The three indicators on top are strong. The middle top indicator is-DMI, and the dominant move is green (up) and the black line (trend) is starting to rise. This confirms the CHOP indicator below the chart.
In my opinion, this stock is a strong buy. Good luck to you. Don.
With the slight uptick in interest rates-ACRE has digested previous gains.
There is a double bottom (thick black line beginning August 12th) with a possible upside move.
Please consider the positives in the chart of-ACRE.
1. Buy Fractal (green box).
2. CHOP line (below chart) sinking out of the shaded area, below 38.2, indicating a new TREND.
3. CHOP ZONE, below CHOP, is green, indicating up trend.
4. The alligator, YOUR COMPASS, is feeding in the uptrend.
5. The Ichimoku Cloud (black) base line and (red) conversion line are both rising.
6. Prices are above both of these lines.
7. The three indicators on top are strong. The middle top indicator is-DMI, and the dominant move is green (up) and the black line (trend) is starting to rise. This confirms the CHOP indicator below the chart.
In my opinion, this stock is a strong buy. Good luck to you. Don.
