R3E trade ideas
Resistance to SupportLooking like a good retest of a previous resistance (IPO Date). Looking for a move up
Solid fundamentals selling due to CEO co-founder transitionMarket moat, should do well. Insider buying underway.
target 70% of position at $25, remaining at $30.
REAL MattersIt has been consolidating for a while now. It has a 66% upside to all time high when it breaks out.
Very Bullish with REALThe bollinger band is at its narrowest in 6 months
RSI is going up
MACD blue line seem to want to cross up
IIIX is positive
Support seems strong.
I'm expecting good things from REAL in the coming days
What do you think?
Real Matters almost doubles YoY consolidated incomeReal Matters almost doubles YoY consolidated income
themarketsignal.com
Real Matters Inc. (TSX:REAL) is also another stock with a short interest ratio of 1.0 implying that investors think the price is to increase in the near-term. This means the sentiments are bullish on the stock. The company reported its Q3 2020 results in which it posted a consolidated adjusted income of $20.9 million which is almost 100% growth from Q3 2019. US title adjusted income was $13.3 million exceeding the Appraisal segment for the first time which delivered $10.8 million. CEO Jason smith stated that the US mortgage market showed resilience in Q3 even amid the COVID-19 pandemic.
Smith added that the low-interest-rate environment has created a huge opportunity for the company. However, the ability of lenders to enhance underwriting capability during the pandemic still remains a challenge to growth. Consolidated revenue for the quarter was $118.1 million.
Real Matters almost doubles YoY consolidated incomeReal Matters almost doubles YoY consolidated income
themarketsignal.com
Real Matters Inc. (TSX:REAL) is also another stock with a short interest ratio of 1.0 implying that investors think the price is to increase in the near-term. This means the sentiments are bullish on the stock. The company reported its Q3 2020 results in which it posted a consolidated adjusted income of $20.9 million which is almost 100% growth from Q3 2019. US title adjusted income was $13.3 million exceeding the Appraisal segment for the first time which delivered $10.8 million. CEO Jason smith stated that the US mortgage market showed resilience in Q3 even amid the COVID-19 pandemic.
Smith added that the low-interest-rate environment has created a huge opportunity for the company. However, the ability of lenders to enhance underwriting capability during the pandemic still remains a challenge to growth. Consolidated revenue for the quarter was $118.1 million.
Real matter is real winner!ATH and may take a short break for now.
If breakout effective from ATH, I will be in more!!!
REAL Dip buy planIn 300 shares at $14.25
Out 150 at $13.62
Go back in 200 at 50-60% retracement, price $14-14.5
Buy 150 at $16.17 breakout
By the end of March, total holding of 500 shares, and price target is $17-18
