pardeepk

EQR 2 options

Long
BATS:EQR   Equity Residential
0
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
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