Follow through to the upside in the S&P 500 is expected for Monday. This will also give us a clue whether the buying action we saw on Friday was profit taking by sellers or the market getting low enough to find buyers entering the S&P 500.
After dropping 52%, IIPR is now trading at an 8x P/AFFO, significantly below historical levels. According to GuruFocus, using IIPR has a Fair Value of $178 implying a 61.92% margin of safety based on EPS w/out NRI, by FCF, a 76% margin of safety, and by adjusted divi 57% The PharmaCann lease defaults accounts for 16.5% of IIPR's annual base rent, its largest tenant. This is not the first time IIPR has dealt with tenant defaults. IIPR has a better chance of recovering the lost revenue in a shorter time than in the 2022 defaults due to the locations and high demand in those areas. On a technical note, the SP is trading near historical supply/demand zones which may provide support for a bottom. the RSI dipped to a historical low of 11.3. Historically, when the RSI dips to 20 and then starts trending positive, an average of 65% gain followed before beginning an intermediate trend or breaking the primary trend. The sell-off is exaggerated given the overall fundamental condition of the company and the % of revenue affected. The timing of the news contributed to the steep sell-off with tax-loss harvesting. Although a speculative industry due to unknown future legislation, IIPR remains the premier cannabis REIT. I believe the company will increase positive FCF once again and quickly recover revenue as it has in the past while continuing to diversify its ABR streams.
Bitcoin 24hr potterboxes . as we can see bitcoin is above the 50 percent line in the smaller box. It needs to get above 99,976.53 ish to break thru the top of the smaller box . it should be ready to maybe climb higher. well we shall see where the bitcoin falls.
? Local timeframe: 4-hour. Asset group: low liquidity. ? A descending channel has been in place since the listing of this asset, currently down -59.6% (at one point it was -63%, but that’s not critical). The price has now stabilized, moving sideways, but it’s being squeezed toward the descending channel. Most likely, we’ll see a breakout soon, in line with the broader market trend—“Altseason,” the one everyone’s been waiting for. ? ⚠️ Additionally, a triangle is forming with narrowing volatility, suggesting we’re close to a resolution. ❗️Important! There has been no breakout yet, and a new trend is just starting to emerge. ? Be aware of the possibility of a false breakout or a pullback within the triangle. Also, take into account the extremely low liquidity, which means unexpected “tricks” can happen. Avoid trading with high leverage—it’s better to wait for a confirmed breakout. Yes, it may cost a bit more, but you’ll trade with more confidence. ? Note the large cup pattern being formed on many assets right now. It’s better to sell near the median line of the cup, which is 134% from the bottom. Beyond that, it’s not your concern if you’re trading locally—all levels are outlined. ✔️? It’s a bit surprising that this asset has been driven down so much, considering the significant promotional campaign and massive fan base. They will pump it for sure, but it seems they’re shaking out “weak hands” first. The chart is similar to DOGE, except everything is happening faster here, as they seem to have limited time and want to quickly destroy confidence in the project. Keep in mind that the TON group includes DOGE-like assets and others—these will be pumped sequentially, creating multiple opportunities to rotate your capital. Use this situation wisely, as events will unfold quickly. Also worth noting: right now, many are afraid to buy because they’re expecting yet another bottom—maybe the tenth one for good measure.
it is what it is money go round a superstar it shines so bright when it's about to die.. this may jus test the conviction of fresh investors as it did the co founders with a -90% shakedown back in the day
Ethereum good old ?. Many possibilities obviously (it’s crypto). Spotting a C&H even an inverse H&S. Feels like the next few weeks will determine if we’re flying or dying. R1 3800 R2 4000. Ultimately $5,300+ If this was plays out.
I always wait for these kinds of currencies in the lower areas. Sometimes they arrive, sometimes they don't. For now, keeping the green box, maybe he'll touch the red numbers above in the first step.
?#BTC breaks through resistance zone✔️ ?From a structural perspective, the bullish structure is still intact. After getting support near the neckline, it successfully broke through the blue resistance zone, and the resistance zone turned into a support zone. We tried to participate in some long trades in the support zone, hoping to continue the bullish trend. ⚠️This transaction is already in a risk-free state. We can only achieve big profits if we continue to break through. If the callback continues, then we need to look for new trading opportunities. Let's see? ?If you like my analysis, please like? and share? BITGET:BTCUSDT.P
Doge has broken out of the box and is heading up . it's got some challenges ahead but I think it will plow thru them. just a guess.
ohh beautiful NYSE:TEL , there is just something about you... Months ago I posted a chart that was on point, but very conservative compared to this. I hadn't seen this chart in log before. This beauty seems to be consolidating refilling those jetpacks. Is $0.9 a dream? Not sure but hell I will take some chances. Aiming for first stop at $0.03 for the first checkpoint. Yieaahhhh