this is my idea of how the Deutsche Wohnen stock could go. The upcomming trend is testing the support zone atm.
The Ichimoku Cloud is supporting the upcomming trend, the Tenkan-Sen is above the Kijun-Sen, which is good.
I would set the
Stop Buy at 41,60€
Stop Loss at 39,40€
Take Profit at 45-27€
Much fun with this trade
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German Real Estate has been highly correlated with XLU and bonds while benefiting from flow of liquidity into equities. In previous slowdowns it has performed quite well. At least it has behaved quite predictably where buying the dips around KC and RSI o/s levels proved profitable.