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Stocks in Focus - potential upside in the US Real Estate Sector

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Trader’s Edge wrote a column · 8 hours ago
Stocks in Focus - potential upside in the US Real Estate Sector
Stocks to Watch
Equity Residential (EQR US) $Equity Residential(EQR.US)$
Stocks in Focus - potential upside in the US Real Estate Sector
Daily Chart -[BULLISH ↗ **] Market is in an upward trend and is currently bouncing off the ascending trendline support. We stay bullish on EQR, expecting prices to hold above 66.47 support, before pushing higher to 72.06 resistance. Technical indicators advocate for a bullish scenario.
Alternatively:A daily candlestick closing below 66.47 support will open a correction towards the next support at 62.82.
CoStar Group Inc (CSGP US) $CoStar(CSGP.US)$
Stocks in Focus - potential upside in the US Real Estate Sector
Daily Chart -[BULLISH ↗ **] CSGP has confirmed a triple bottom reversal pattern andis currently holding above 74.36 support level. As long as price holds above this level, we stay bullish. We expect the price to push towards 81.40 resistance level. Technical indicators are mixed. MACD is showing a build up in bullish momentum.
Alternatively: A daily candlestick closing below 74.36 support level will open a drop towards the next support level at 70.86.
Weyerhaeuser Company (WY US) $Weyerhaeuser Co(WY.US)$
Stocks in Focus - potential upside in the US Real Estate Sector
Daily Chart -[BULLISH ↗ **] WY hasshaped a bullish breakout above its descending trendine. As long as price holds above 28.38 support, we prefer to keep our bullish directional bias. We expect price to pause above the trend linesupport, before pushing towards 30.97 resistance level. Price is holding above 21 period EMA with MACD showing a build up in bullish momentum.
Alternatively: A daily candlestick closing below 28.38 support level will open a correction towards the next support at 26.98.
Morgan Stanley (MS US) $Morgan Stanley(MS.US)$
Stocks in Focus - potential upside in the US Real Estate Sector
Daily Chart -[BULLISH ↗ **] MS is currently in an uptrend and has maintained above the ascending trendline support.We stay bullish, aslong as price holds above 99.59support level. Expecting price to take a pause above 99.59 support level, before pushing upwards to 112.50 resistance level. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A daily candlestick close below 99.59 support will see a correction towards next support at 94.68.
ESR Group Limited (1821 HK) $ESR(01821.HK)$
Stocks in Focus - potential upside in the US Real Estate Sector
Weekly Chart -[BULLISH ↗ **] 1821 HK is currently holding above near-term ascending trendline support. We stay bullish for now, and expect prices to drift down to 11.52 support level before pushing towards 13.64 resistance level. Technical indicators are leaning towards a bullish scenario as well.
Alternatively: A daily candlestick closing below 11.52 support level will open a drop towards the next support at 10.46.
Prepared by:
Moomoo Singapore
Isaac Lim CMT, CFTe
Chief Market Strategist
This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore.
For full disclaimers, please visit https://www.moomoo.com/sg/support/topic5_935.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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