TradingView
ncluu
May 7, 2020 1:53 AM

Long SPG Long

Simon Property Group, Inc.NYSE

Description

Bounce off support @ 55, 53, and 40. Watch for these levels for a long term entry level. Stock will most likely cut dividends which could make the stock fall below support but long term a great investment opportunity for REIT investors. Once malls open back up, could see a major climb up.

Fibbonacci retracement: Way below .618 golden ratio perfect opportunity to get in.

.618 Golden ratio level = $64.31. (Any price below this is considered a good buy in opportunity)
3 Month High: $74
3 Month Low: $48
.50 level: $61

1 Year Price Target: $79.87
Comments
Princejpj
AYYYY is the CEO Simon Wong?
ncluu
@Princejpj, Hahahhaa yes
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