649bruno
Long

ACRE: Double Bottom With Upside Move ?

NYSE:ACRE   ARES COML REAL ESTATE CORP
16 0 2
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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out