Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, management, and leasing of suburban office properties. We can see that OFC bounced from low after CCI divergence. Bounce was very strong on higher volume and after that OFC started with consolidation under 10sma resistance area. Monday brought narrow range day and I will look for long continuation and another buying wave. First resistance will be 20sma (blue line) and after that previous high and 24 area will be next one. If you look at weekly time frame chart we can see another CCI divergence what will support long idea. Trading plan is on the chart and if anyone will have any question please feel free to contact me.
Wish you all best trading day
Ivica Juracic
Nema komentara:
Objavi komentar