May. 23 at 6:45 PM
Real estate sector rotation is heating up, and
$CPT is sitting at the most critical chart junction of the year. 🤯 The weekly chart is trying to snap a multi-year descending trendline. Ignore the headline noise from the California asset dispositions—Camden is lean, bad debt is at its lowest level since COVID, and a massive supply squeeze is expected for the second half of the year.
The exact levels to watch as this trendline pinches:
🐂 Bulls: A definitive closing breakout over
$107.47 signals the macro downtrend is officially dead. Once that trendline clears, expect rapid momentum chasing up to the
$119.00 major range highs.
🐻 Bears: Must defend this trendline line at all costs. If they hold the line and force a break below key structural support at
$101.48, it's an open door back down to the macro floor at
$96.53.
The chart is completely wound up. Pick your side on the breakout! 📊🔥
#REITs #RealEstate #HousingMarket #Multifamily #hovdid
