Bullish Pennant broken out after a 6-month bull run.
Momentum is set to continue with the company increasing dividends and announcing an increase of Real Estate acquisitions next year, strong of a good relationship with their tenants.
Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side....
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. For allocation purposes, be mindful that support has been broken on the 20-21th Aug. At the same time, I don't believe this being a reason not to take this trade.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH well...
