Been watching his one for a while. A solid REIT. At a good retracement price. I think is prime for a bounce.
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
RLJ has two signs of nearest fall: Fakey of Level 22 and trying bounce of this level
Hitting the support and MA20 combined with increase in Earning leads to increase in price
I will look for possible weakness based on daily triangle and continuation weakness from previous high what can turn in to swing trade