This chart sticks out to me because of the bull flag in the candle stick price action. I put arrows where the action fell on the price and the MACD, and with that said i think the price held it own very nicely. I think if the Down ward trend of the MACD breaks to the upside then there will be enough upside to this stock to further investigate.
not sure why this stock isn't in the stratisphere
filing that the CEO bought 25 million dollars worth of stock in august at a price higher than it is at rn
barclays went overweight in september w a price target of $232
the float is 114 million
bullish penant formation on daily/4 hour
For last 5-6 years #SUI has been rising in a slow and steady bull run despite so many ups and downs in the market. It handled pandemic downtrend beautifully and came back to its original uptrend as soon as pandemic fear was over and its been rising secularly.
Currently its been under profit booking and this may last for next several weeks. Safe players can wait...
Current price is too high in the distance scale of 52-weeks highs and lows, according to the formula: .
The system identifies more buyers than sellers at this time, but due to high price, the system also predict price will fall to around $170-171 and will bounce back up, but lower than highest price.
Company was also compared to its competitors and has higher...
$SUI is forming a rectangle chart pattern with multiple tests to the $150 price level. What is interesting about this setup is the strong accumulation of the stock for the last 3 days. I have highlighted these days in yellow on the chart. These huge volume days are a sign of institutional buying which would increase the possibility of a successful breakout.
Sun Communities popped up on one of my momentum scans and as well as an outstanding chart and year on year price growth, I really like the concept. Housing prices here in Australia have gone crazy with $1M+ needed to own a property in most major cities in Australia. I really like the idea of as alternative to apartments or tiny homes a happy medium using modern...