Aug. 16 at 1:25 AM
$EQR | Equity Residential | Real Estate π’
Heavy institutional block prints hitting
$EQR with over
$62.9M in total premium absorbed near
$65.97! π Buyers are stepping in fast as price executes a clean descending trendline breakout off its
$64.42 demand floor β‘
Profitability & Fundamentals: Premier residential REIT generating robust rental cash flow with raised same-store revenue guidance and high occupancy.
Technicals: 65m chart displays a sharp falling wedge trendline breakout compressing directly above volume profile demand π― Reclaiming
$67.00 clears overhead supply for a liquidity expansion run toward
$71.00 and
$73.06 targets.
Bull Key Levels:
$65.97 π π₯ | Confirm:
$67.00 π π | Extension:
$71.00 π π₯
Bear Key Levels:
$64.42 π» β οΈ | Confirm:
$62.90 π» π | Extension:
$60.00 π» π¨
Stop Loss:
$63.80 π
Targets:
$71.00 /
$73.06 π° πΊ
OVERALL: π BULLISH π
#hovdid