maschera

EQR - 4.37% Potential Profit - Descending Triangle

Short
NYSE:EQR   EQUITY RESIDENTIAL
Descending Triangle just broke out, aiming at ATL .

Lack of resistance confirmation means that we are chasing the price. However, my Stop/Loss is very tight and we are protected in case of an unexpected bounce. This is also due to the unpredictability of the market these days.

- Target Entry $51.92
- Target Stop Loss $52.48
- Target Exit $49.60

About me
- P/L September +33.74% | August: +232.32% | Historical Win Ratio 70.59% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Trade closed: target reached: +3.22% profit

Comments

Would you say by breaking above the triangle, it might be interesting to go long? 50 Seems to be a strong support, looking for an ultra-long residential REIT.
Reply
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