CIO is a REIT, most of the time they are slow moving up,
quick moving down.
This is an “as good as it get” bullish formation.
Here you have:
Decreasing volatility
Crossing above several days of moving around the ema(21)
An almost perfect beginning of the uptrend line
The end of a “flag” consolidation
What we’ll need for this to prosper:
A complacent market and group
No unfavorable news, I will prefer no news at all
No genius analyst downgrading the stock
If all of the above comes true we can expect an uptrend at
least until the Feb 25 earnings announcement
The trend line should act as support
Yesterday 13.56 low, 2.10% below the 13.86 price is the last
support
Good luck
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