DRV (05/12/2020) - Updates
FA
-Retails are suffering financially (as expected), some will file for bankruptcy: JC Penny.
-FED is buying corporate ETFs (mostly debt). So REIT or Retails debt are some of the options. This will reduce the rate of filing for bankruptcy and help businesses to deal with debts.
-States are opening, however, worries about 2nd wave of Covid-19 will discourage consumer from going out and shopping.
-Online shopping are dominating the market.
-Malls are not opening until further notice.
-Demand for luxury items decrease (due to financial hardship).
TA
Target: $26 for taking profit.
Buying level: $23-24
Best deal: $21- $22
There will be a DRV price break out in the future as indices are dropping. Possibly $40. If you're conservative, please wait until the breakout happen or sell for profit now. (I will update DRV in the future).
DRV is trading above moving average: Bullish
Neutral for Squeeze and RSI.
Good luck
-Retails are suffering financially (as expected), some will file for bankruptcy: JC Penny.
-FED is buying corporate ETFs (mostly debt). So REIT or Retails debt are some of the options. This will reduce the rate of filing for bankruptcy and help businesses to deal with debts.
-States are opening, however, worries about 2nd wave of Covid-19 will discourage consumer from going out and shopping.
-Online shopping are dominating the market.
-Malls are not opening until further notice.
-Demand for luxury items decrease (due to financial hardship).
TA
Target: $26 for taking profit.
Buying level: $23-24
Best deal: $21- $22
There will be a DRV price break out in the future as indices are dropping. Possibly $40. If you're conservative, please wait until the breakout happen or sell for profit now. (I will update DRV in the future).
DRV is trading above moving average: Bullish
Neutral for Squeeze and RSI.
Good luck