EQR 2 options

BATS:EQR   Equity Residential
1. Decent fundamentals, recently (oct 24) reported good revenue increase and NOI in their 3rd quarter. However, EPS was -3.9% from estimated.
2. A lot of high volume spikes on the 1 hour chart
3. Good support ( double bottom )
4. RSI increasing
5. near 38.2 FIB on D1

OPTION 1: wait for price to break trend line and close above trend line
OPTION 2: wait for price to come back down to support in which there will be a tight stop-loss

stop: 55.30
limit: 57.00

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.