iSHARES CANADIAN REIT ETF - XRE-TC
Monthly chart shows sharp retracement of the last move up off the 2003 lows. No buy signal/pattern evident on this timeframe.
Weekly chart shows last week's trading activity resulted in a bullish engulfing candle pattern. Look to next week's trading activity to determine next direction. IF price remains in a consolidation/trading range, THEN look for lower. IF price picks up momentum sharply, THEN look for buy pattern/signal to enter long.
Showing posts with label XRE-TC. Show all posts
Showing posts with label XRE-TC. Show all posts
Sunday, January 27, 2008
iShares Canadian REIT ETF Analysis for 01.27.2008
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