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SwingTtrader
Apr 22, 2020 5:06 PM

Potential Reversal  Long

Simon Property Group, Inc.NYSE

Description

This is one of the stocks that got decimated in the recent weeks. Base on the chart, I'm seen potential reverse to the upside. You can see the Head and Shoulder patter. Usually, the Head and Shoulder is good indicator of a reversal. I'm planing to take a long position in the stock and see how it will plays out.
Comments
ehddyce
What about them getting downgraded, and more places not able to pay rent? Real estate numbers looking a little bleak too.
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