REIT stocks have been kinda weak on earnings with CCI moving lower. It's not that they're printing bad revenue gains or growth its just market sentiment is very fearful.
KRC Aug 16 EXP 75/70 Put Spread. 0.79/4.21 Max Profit
Low Risk, Medium Reward.
I will close the trade August 5th if the play works out against me if there is much of a debit left.
KRC increasing bear volume, Broke out of channel and also broke daily higher low.
Looking for a pullback here into the 83--73 price range before continuations to the upside. This will bring the daily RSI into oversold and should entice a bounce ..
As noted in my previous analysis on the 26th September, KRC failed to close above $0.064 on the monthly and is on the way to test the intra-week lows of $0.044-$0.037.
IF these areas hold, this month ill be looking to scale my buys in between $0.044-$0.037.
Overall the R/R trade is appealing.
Over the next 3 weeks, for the price to have any hope of going up...
KRC seems to be complete market cycle and suggests a potential buy in the following months.
I'd watch the monthly and coinciding weekly close to see what the price does.
A close above $0.075 is bullish.
A close between $0.075 and $0.064 is neutral.
A close below $0.064 is bearish and will test the intra-week lows of $0.046
No trade zone for me, waiting for...
KRC trading Idea.
Broke out of falling wedge on shorter time frames. Forming a potential inverse H&S with a short term target at .10
Finding support at .076 with 15min rsi forming higher lows and Bear vol declining.
Lets see if we breakout.
AVL has had a nice run up in price and has recently pulled back about 40% before finding support on the 50% FIB level..
Bullish Indicators:
Double Bottom on 50% Fib
Higher Low on 50% Fib
RSI creating higher low on 4 hour chart (showing strength)
Monthly RSI cooled off.
Volume has dropped off significantly. (usually see this before a big pump)
I noticed this...
