one of my fave !! near 52 low misunderstood news !!so reason for drop is fed interest hike !!
this company does not buy new buildings often interest rate should not have made it drop !!!
so i assume its misunderstood news and will follow my long term plan
this stock should hit 56 easy withing a month always has after hitting this point plus its a great div stock !!! ex div is at end of each month paid two weeks later 20 to 30 c per share !!
RY6 trade ideas
$O Indecisive Market Sentiment 54-61$ LevelsHere we have a situation of Demand/Supply elasticity.
*MRT (Market Ratail Traders) Rather wait than pay for the security around
PL(Price Levels) of 59-61$ therefore giving us Elasticity of (E +1). We can identify buying confident around 52-55$ PL(Price Levels)
Indicating Elasticity of (E -0) meaning *MRT are willing to pay this price for the security, however as confidence is lost we notice (E +1)
At a lower price than before due to *MRT's reduced interest of buying at certain price.
Waiting for an increased (E -0) comparative to last (E -0) performance would be wise as it indicates
incoming *MRT buying confidence at higher price levels.
Thank you for watching, please keep in mind this is my personal opinion on the security and you should not trade/buy/short based on this information. Please do your own analysis and give me a big smile :)
- Martzo_ Management,
Long term position on O.It's posible on Realty Income (O), we have a Gartley, idealyt the PRZ should be at the 0.786 price , but it didn't reach the 0.886 -at least today-,and it is very near to an AB=CB. The stop loss to me would be the X point for the Gartley or the minimum of Nov '16, 52.78. I'm long from 54.61 with a Target1 of 1/3 of lot on 57.57, my intention is let rest of position for income dividends. Moreover it looks a nice ending diagonal being going on. Let's to see how next week develops.
O - Two long trade possibilities up to $72.00O is forming a descending wedge on the 1W with support at $54.00 corresponding to a 0.618 fib level, with an overall bullish trend since 2009. Price could bounce from either the 0.618 at $54.00 or the 0.786 at $49.00 (less likely, I think), before moving up to resistance at $72.00. If you're aggressive you could buy on a good signal that price is bouncing from one of these support levels, or, for the more conservative, wait for the breakout.
Ascending Triangle Credit Spread Entered O with Jan17 55/50 Credit Spread for net premium of .78.
Spread entered instead of naked put for account leverage.
Break even - 54.22
Stop - 52.41
R:R 2:1
Plan A: Receive .78 credit (ROI: 18.5%)
Plan B: Get put shares, hold stock for monthly dividend. Exit all at 58.26.
Plan C: If the ascending trend line fails to support stock I will look to exit aggressively on the retest.
***Note*** O has gotten hit pretty hard but pays a monthly dividend and just increased it. I do not might owning shares down at this level