CBRE is a commercial real estate services company. They don't actually own any real estate, just provide various services for property owners. One of my favorite shorts.
9/18/20 $55p (ITM)
12/18/20 $30p (OTM)
Near term: low $30s
Mid Term: $15ish
Re-evaluate if price reverses towards $50 again.
Good luck all!
CBRE is approaching our first resistance at 44.05 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support at 41.58 (horizontal pullback support, 38.2% Fiboancci retracement, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching our...