Key numbers for next 19 Days: 30.66 (lower Fair Price), 34.66 (resistance), and 38.66 (Expected Fair Price)
On Aug 21 my estimated FAIR PRICE for the next couple of days is 30.66. Over the next 19 days my 19-DAY FAIR PRICE is 38.66 if the price manages to cross above 34.66. If the price does not cross above 34.66 then FAIR PRICE will remain at 30.66.
Annual Fair Price for 2023 is: 26.42 I plan to hold my position as long as the price is above this Annual Fair Price.
SLG/XLRE ratio has been on a steady rise since May 2023 from 0.5 to over 1.0 (XLRE is an index of real estate within S&P)
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New numbers until Sep 27 Fair Price: 40.98
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@b87654 again working as predicted right at predicted Fair Price and may get bullish because it closed a previous gap down
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It’s working as expected
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On August 29 SLG reached and crossed my Fair Price 38.66. I would sell if it crosses 41.06, which is threshold for overbought
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SLG crossed above 34.66 this week setting Fair Price now at 38.66. It’s buy in this oversold region and you can sell when it crosses above $41.06 (overbought threshold)
since May 2023 from 0.5 to over 1.0
(XLRE is an index of real estate within S&P)