VOC-Handelaar

Troubled times ahead for Unibail-Rodamco

Short
EURONEXT:URW   UNIBAIL-RODAMCO-WESTFIELD
In their report they're already talking about risk management with a possible upcoming recession. Unibail-Rodamco focusses on renting real estate to retail brands and standard housing;
sectors that will take big hits when an economy sinks into a recession.

A descending converging wedge is forming on the daily charts with the RSI indicating a small upward push will drive it near oversold territories and an MACD cross pointing to a downwards motion.
Trade active: Opened a short position at 151.95 with 20x leverage
Stop loss @ €154.2

Target 1: €142
Target 2: €133
Trade closed manually: Closed the trade as it seemed to be stabilized around target €122.