As posted yesterday, Alexandria Real Estate (ARE) cuts dividend. With its fundamentals deteriorating, the chart is showing more promises on the short side. For this chart, I am relying solely on Chikou Span (green lines) to identify the support-resistant levels. This is because the Tenkan sen and the Kijun sen has been ‘screwed’ by a… Continue reading Alexandria Real Estate (ARE) : Ichimoku Chart Reading
Richard from Stripnonmics has an update on ARE dividend cut. I shall not post here but rather provide a link so that you can read his posts and the archives in its entirety. ARE is screwed. I am just trying very hard to find an entry point to short it.