The weekly chart had a notable bearish trend from March 2022 to June 2022. This was retraced by 50% (mid-August), and then the downtrend continued. We have broken below June's low (the year-to-date low).
I believe sellers are exhausted, but there are not many catalysts for a rally here either. I expect TSX:SRU.UN to be mired between 26 and 27 for several weeks.
I am likely to accumulate some TSX:SRU.UN if the price dips below 26.
Trade active
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I FOMO'd into this stock at 27.72
I bought shares, long.
Trade closed manually
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I panic solid these stocks at a loss (27.19) because I'm getting increasingly bearish on the entire Canadian Real Estate sector.