Expecting Early Breakout on a Bearish REIT Stock

7 Mar 2019

NYSE:ANH is a stock that has formerly had some wild swings. Yet to come is another one, which I suspect is first down and then up. The general trend is down, and the only analyst has set a 4.00 target with no range. Once that is achieved, however, it will likely sharply rise since there is no reason for it to be that low, given a price/book value is at a low near 0.8 and decreasing.

The RSI has yet to identify a rebound, as it vibrates around the 35 line with no intention of moving.

8 Mar 2019

Not

8 Mar 2019

Not

The above is best case scenario, short term. US-based REIT's tend to be doing better than the average indexes, since they are less affected by international trade and the jobs creation. This stock could trade flat in a consolidation pattern or continue to go up to about $4.20 or so on Monday.

11 Mar 2019

Not

I was just about right on the time and amount of the low point, but not the timing of the breakout. Still follows a parabola-like pattern with likely recovery towards the end of the month.

11 Mar 2019

Not

Target 4.14 high.

11 Mar 2019

Not

Tomorrow late morning.

12 Mar 2019

İşlem elle kapatılmış

Sold off at 4.18 today, but enjoyed grabbing them up at 4.06 :)