Technical Commentary : The FTSE EPRA / NAREIT United States Index Net TRI is an index composed of 108 different equities among the US real estate sector. …….
Day By Day – Indipendent Research
In the shorter term, the index recently bounced off the 3900 point level. Reinforced by the rising 100-day moving average, this threshold – a former resistance turned support – has been tested repeatedly but it never broke. The trend being clearly bullish, the rebound could lead prices up to a first target on the 2007 resistance at 4150 points. The short-term trend is bullish and we set the threshold invalidation of this scenario slightly below support at 3900 points, the last level of rebound.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||4150 / 4340 pts|
|Supports||3900 / 3750 pts|
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Source: ETFWorld – Day By Day – Indipendent Research