Long SPG. Simple chart but you can see we are about to break out...
Next price target for SPG is 101.08 (Fibonacci level 161.8). Price has broken the 100 level has finished it's retracement breaking through again.
Still do not know who called the REITs and told them to boom, but the time is ripe. Similar to $RPT. Has a gap to fill. I like longer call options so I would be looking at March 19th $95 strike for $635 each. I am seeing 66% return on this one around the $100-$101 mark. Earnings are the 29th of January; I do not hold calls through earnings personally.
SPG Recieved a "Well health rating" that help them Soar 7% today. I've had my eye on this stock for months, they own a bunch of property and real estate in malls. Volume was double it's normal today but even that couldn't get it across that conformation line of 95.56. if they can breakout of that next target is that down trend line (white line) which is at ...
Trendline break + revisit Price Crossed above EMA13 (Possible ABC Pattern) EMA50/EMA100 as support zone Entry 84 stop 77 Target 110 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
$SPG Possible Breakout Pennant forming on 1-hour chart - possible breakout? If we can break the ~$82 resistance, there's a chance for a breakout here. Will need stronger RSI + more volume however. Let's hope for the best -
Needs to break this to move higher or goes back down.
Potential resistance levels to consider for SPG as it breaks higher today on Acquisition and Vaccine news. Entry above local trendline (blue) First major resistance is the 50ma on weekly chart, above which Fibonacci levels are to be considered
SPG provides rich dividends, still good financial health. In October we expect new stimulus pack, news on vaccine and divs. While price in triangle i expect small correction to bottom (senate would not vote for pack till mid october), after i would take long position
Price has made a retracement and is looking like it will go higher. Normally when there is a strong move to the upside (or downside) there is a retracement to retest previous levels and a popular way to measure those levels is to use what's called the Fibonacci sequence to find those levels. A very popular level of retracement is the 61.8% level and if you look at...
SPG earnings today 11/09 post market 3rd Quarter September 2020 Consensus: $2.25 Revenue: $1.12 Billion Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action Volume average Trend momentum Current events Revenue & Earnings Debt / Cash Book value 7...
Albeit with what seems a short squeeze, SPG broke above a couple months channel that had it locked up in sideways movement. I expect a small consolidation at this level and given that the vaccine news holds and that it posts progress from previous quarter, then it should be going to 100 very soon.
1. Broke out of the downstrend since Oct.6th. (Orange line) 2. 200 MA has been a resistance level, marking the top on Oct. 23rd. Today the test of 200MA seems to have failed -- see the increased volume drop in the last trading hours. 3. Going forward, expect price to retest the green line, around $64(-1.36% downside), and rebound. If SPG manages to keep the...