Realty Income is a real estate investment trust (REIT) known for its monthly dividends and a strong portfolio of commercial properties. The company leases to well-established businesses across different sectors, making it a popular choice for income-focused investors. With earnings coming up this week, we are watching for potential price movement based on the technical setup.
🔹 Key reasons for a potential move up:
✅ Strong demand area around $52 has held well, leading to a solid bounce.
✅ Price is approaching a key resistance at $58, which if broken, could lead to a further rally.
✅ Market sentiment around earnings could act as a catalyst for continuation.
🎯 Targets:
📌 $59 (+3.4%)
📌 $61 (+6.9%)
📌 $64 (+12.1%)
If we see a clean breakout above $58, we could see price moving towards these targets in the coming sessions.
Not financial advice.
🔹 Key reasons for a potential move up:
✅ Strong demand area around $52 has held well, leading to a solid bounce.
✅ Price is approaching a key resistance at $58, which if broken, could lead to a further rally.
✅ Market sentiment around earnings could act as a catalyst for continuation.
🎯 Targets:
📌 $59 (+3.4%)
📌 $61 (+6.9%)
📌 $64 (+12.1%)
If we see a clean breakout above $58, we could see price moving towards these targets in the coming sessions.
Not financial advice.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.