Not improbable for prices to stage a V shape rebound back to its original support near Fib 4.236 (0.89)
Which represents a roughly 10 percent further recovery across its major REIT holdings
Cycle appears to point towards a Feb 2024 time zone which I suppose coincides with the new year dividend reporting period for Reits
But this would likely be a best case scenario
though from a current yield perspective it doesn't make sense for prices to rise further unless like many say there is expectation for rate cuts early next year
The risk rewards look favourable for me though and if price reaches near 0.89 I may TP
As always, gentle reminder to dyodd.
