OnlyFibs
Aug 16, 1:25 AM
$EQR | Equity Residential | Real Estate 🏢
Heavy institutional block prints hitting
$EQR with over
$62.9M in total premium absorbed near
$65.97! 📈 Buyers are stepping in fast as price executes a clean descending trendline breakout off its
$64.42 demand floor ⚡
Profitability & Fundamentals: Premier residential REIT generating robust rental cash flow with raised same-store revenue guidance and high occupancy.
Technicals: 65m chart displays a sharp falling wedge trendline breakout compressing directly above volume profile demand 🎯 Reclaiming
$67.00 clears overhead supply for a liquidity expansion run toward
$71.00 and
$73.06 targets.
Bull Key Levels:
$65.97 🐂 🔥 | Confirm:
$67.00 🐂 🚀 | Extension:
$71.00 🐂 💥
Bear Key Levels:
$64.42 🐻 ⚠️ | Confirm:
$62.90 🐻 📉 | Extension:
$60.00 🐻 🚨
Stop Loss:
$63.80 🛑
Targets:
$71.00 /
$73.06 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#hovdid
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