Troubled times ahead for Unibail-Rodamco
Updated
In their report they're already talking about risk management with a possible upcoming recession. Unibail-Rodamco focusses on renting real estate to retail brands and standard housing;
sectors that will take big hits when an economy sinks into a recession.
A descending converging wedge is forming on the daily charts with the RSI indicating a small upward push will drive it near oversold territories and an MACD cross pointing to a downwards motion.
sectors that will take big hits when an economy sinks into a recession.
A descending converging wedge is forming on the daily charts with the RSI indicating a small upward push will drive it near oversold territories and an MACD cross pointing to a downwards motion.
Trade active
Opened a short position at 151.95 with 20x leverageStop loss @ €154.2
Target 1: €142
Target 2: €133
Trade closed manually
Closed the trade as it seemed to be stabilized around target €122.
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