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Property REIT

Alexandria Real Estate (ARE) : Is this a Head and Shoulder in the Making?

Continuing my monitoring of ARE.

As of yesterday’s close, there is still no sign that it will continue to be bullish since its last gap down.

It has just rebounded off a support at around 51.78 and it is still too early to tell if it will climb higher. If it fails to climb higher and break through 55.67, we have a lower high and perhaps the a Head  and Shoulder formation.

Note:

– Still too early to tell.

– Wait for confirmation

2009Oct-Alexandria Real Estate Inc-800x600

By iam802

Trend trading with Ichimoku