For the first time in a very long time, we see the +DI having the advantage. The MACD continues to rise above the signal line in negative territory while the MFI suggests that the REIT is still oversold. The RSI and the Stochastics have both bounced off their respective 50% line, suggesting that there is some support for this REIT at the current price level. We could be seeing the end of basing activity.
If we look at the daily chart, we can estimate the neckline of a ...
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