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dorfmanmaster

Classic Cup & Handle pattern

Long
Real Estate Select Sector SPDR Fund (The) (AMEX:XLRE)  
dorfmanmaster  
AMEX:XLRE   Real Estate Select Sector SPDR Fund (The)
Cup And Handle Trend Analysis XLRE realestate sector_analysis pattern bullishpattern dividendstocks AMT SPG
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cupandhandle trendanalysis xlre realestate sector_analysis pattern bullishpattern dividendstocks amt spg
We are seeing a cup & head pattern on this real estate ETF.

How to enter a position:
  • First entry: 20% of full amount, when it breaks the high of the handle of the cup.
  • Second entry: 80% is the cross above the high of the cup, confirming the bullish pattern.

Risk-reward setup:
  • Profit-exit: Full target is $53 approximately. 10sma has been working well with a trailing stop for a partial sell.
  • Loss-exit: the target is denied, if we close below the november 1st low; at which point I would exit 100%.



Good luck, and have a great weekend everyone!
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