REI.UN trade ideas
Rio Can Real Estate - Bull Flag - Target 23+ Solid REIT
Solid Dividend
Solid Tenants
Bull Flag Breakout
...
If you don't like free money, don't buy it.
Cup and handle on REITRIO CAN REIT shows a cup and handle.
Could break out here even more.
moved up from a double bottom.
A nice canadian paying dividend stock as well.
RIO CAN: Breakout on the weeklyFirst stop at $22.62
Not a financial advice, don't forget to do your own due-diligence
REI.UN Rio CanImportant levels to watch are support of $18.51 and Gap fill resistance area of $20.63.
If it dips to support, it will present a dip buying opportunity.
First sell target for me is $20.63.
Long term Hold. Looking forward to Pre-covid Highs.
Rio Can REI.UNREI.UN
Trade + Long Hold idea
2 Month Trade Idea.
Buy zone between $17.80 and $18
Once stock clears overhead resistance at $18.55,
that would be confirmation of breakout.
Am SHORT on REI.UNI know everyone is hoping for a bounce here but I think this is headed south. GL
Target = under $15
there is a gap to be filledSInce we are in a downtrend, i would expect the gap below will get filled 14-14.20 May trade a little when it is testing the support and if the given condition is oversold.
Not looking too bullish...While Spy at ATH and Rei still range bounce and 40% from the pre-covid level is concerning. From here we could bounce back up to UBB given the market is stable. But if the Market consolidates from here, we could test the 14.60ish support lvl.
Back tested the breakout area and strong bouncedbounced right at the breakout area 15.30/40ish Looks like a good sign for the next leg up :)
REI.UN with Strong Gain & Good Dividends in Month Long Trade
Strong support at $16.45.
After passing $16.45 support with a 3-4 day confirmation A long position should be taken.
Next lowest support is at $15.00, and the average true range (ATR, 14) shows a $0.50 variation in price.
Initial Stop Loss at $14.50, taking into account the lower support and the ATR value.
Summary of Setup:
Entry: $16.45
Stop Loss: $14.50
Possible Selling Points:
$23.50 with a gain of ~%43
$24.85 with a gain of ~%50
$26.65 with a gain of ~%60
Dividend Yield at $16.45 is about %10 per year. Place Stop Loss at any of the 3 selling point and keep the position for as long as it will go with adjustments to the stop loss with the ATR value of the time.
back testing the break out trendline?WE all know reit is slow mover - with Toronto moving to stage 3 it will only benefit reit. Today maybe backtesting the trendline. Yesterday vol and sign is encouraging.
Risky trade try to catch the bottomIt has been a downtrend but seems like it finds the floor and let's see if it will bounce back up to close UBB with juicy dividend coming up.
Currently trading at 2008 crises lvl could be a good opporunity to scoop up some for long run with juicy 10% annually dividend.
Ready for a bounce backRiocan's share price has taken a huge hit due to COVID-19, but their business is still mostly intact. Many of its tenants are essential businesses (ex. Canadian Tire, LCBO, TD, etc.) which means Ricocan still has a reliable income. Although only about half of the tenants have paid their rent, with Phase 2 starting more of the tenants will be able to pay their rent which will start to bridge the revenue gap they have incurred over the past couple of months.
In addition, the stock is about to hit a strong horizontal support and also hit a strong bullish support on the pullback. Top it all off with an amazing distribution (dividend) that the CEO says will stay unchanged, this is looking like a great buy.
Head and shoulders?I'm new to charting and I bought this purely based on the dividend yield.
But, after watching many technicians on YouTube, I'd like to buy things in a more strategic manner.
I looked over Riocan and thought I saw a head and shoulders that was probably confirmed on about the 5th of May. Can anyone confirm?
TSX: REI-UN LongThe goal of this trade is to catch a bounce from support around $26.40 with a stop loss just below support at $26.00
Aiming for a 1:2 risk reward ratio, but will likely take profit around $27.00 for just over a 1:1 risk reward ratio.
