REI.UN with Strong Gain & Good Dividends in Month Long Trade

Long

RIOCAN REAL ESTATE INVESTMENT TRUST (TSX:REI.UN)

TSX:REI.UN RIOCAN REAL ESTATE INVESTMENT TRUST

Trend Analysis Support and Resistance

trendanalysis supportandresistance

Strong support at $16.45.
After passing $16.45 support with a 3-4 day confirmation A long position should be taken.
Next lowest support is at $15.00, and the average true range (ATR, 14) shows a $0.50 variation in price.
Initial Stop Loss at $14.50, taking into account the lower support and the ATR value.

Summary of Setup:
Entry: $16.45
Stop Loss: $14.50

Possible Selling Points:

$23.50 with a gain of ~%43
$24.85 with a gain of ~%50
$26.65 with a gain of ~%60

Dividend Yield at $16.45 is about %10 per year. Place Stop Loss at any of the 3 selling point and keep the position for as long as it will go with adjustments to the stop loss with the ATR value of the time.

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