Bearish
Fundamental
- Funds are distributing
- High PE
- High PEG ratio
- Rate hike is not good for REITS
TA
- Bearish momentum divergence ( first sign of bearish ) Must proceed with care if LONG
- Price broke down upward trend line
- Rejected trend line with long wick
- Formed head and shoulders formation
- Price below major S/R level confluence with 0.3 Fibo = Strong trend downwards
Fundamental
- Funds are distributing
- High PE
- High PEG ratio
- Rate hike is not good for REITS
TA
- Bearish momentum divergence ( first sign of bearish ) Must proceed with care if LONG
- Price broke down upward trend line
- Rejected trend line with long wick
- Formed head and shoulders formation
- Price below major S/R level confluence with 0.3 Fibo = Strong trend downwards