SRU.UN set to churn for several weeks
The weekly chart had a notable bearish trend from March 2022 to June 2022.
This was retraced by 50% (mid-August), and then the downtrend continued.
We have broken below June's low (the year-to-date low).
I believe sellers are exhausted, but there are not many catalysts for a rally here either.
I expect
SRU.UN
to be mired between 26 and 27 for several weeks.
I am likely to accumulate some
SRU.UN
if the price dips below 26.
This was retraced by 50% (mid-August), and then the downtrend continued.
We have broken below June's low (the year-to-date low).
I believe sellers are exhausted, but there are not many catalysts for a rally here either.
I expect
SRU.UN
to be mired between 26 and 27 for several weeks. I am likely to accumulate some
SRU.UN
if the price dips below 26.
交易進行:
I FOMO'd into this stock at 27.72
I bought shares, long.
I bought shares, long.
手動結束交易:
I panic solid these stocks at a loss (27.19) because I'm getting increasingly bearish on the entire Canadian Real Estate sector.