Hi traders,
This one looks very bullish in the short term, my indicators are also very bullish and there is also some other points besides the indicators :
It has formed a bull flag and now it broke above = very bullish
stochastics RSI bullish
Overall it has a great volume
Hoping the Nasdaq wont influence this one :)
Took the position, please be aware that...
NYSE:ABR
ABR long idea above 12.96
I have an ascending triangle forming on the daily and a bullish pennant on the 30 minute chart.
Price is above the 10, 20, 50 and 200 DMA.
Price is above the ascending 5DAM on the 30 minute chart.
Price is above the YTD VWAP.
Initial Stop will be tight a t 12.84
Arbor Realty Trust, Inc. operates as real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments. The Structured Business segment offers structured loan origination and investment services. The Agency Business segment involves in agency loan origination and servicing. The company was founded in June 2003 and is headquartered in Uniondale, NY.
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ABR
