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CBRE Group, Inc is a well-known real estate services company based out of Los Angeles, California. It is the biggest commercial property developer in the US and has $113 billion in assets under management. CBRE is also the global market leader in property leasing, sales, outsourcing, and property management. Once the economy comes out of the COVID crisis, real estate transactions are expected to pick up as well and the long-term trend is upwards.
The long-term monthly chart of CBRE shows an uptrend which had been intact for the past 8 years. However, the initial three months of 2020 saw the stock fall from a high of 61 to less than 30, a fall of more than 50%. The price, however, only briefly went below the bottom of the long-term trend. Starting April 2020, the stock has bounced back from the bottom of the long-term trend and has now crossed a historical support-resistance line at 39. The stock may face some resistance at the 50-level. However, it looks well-positioned to eventually re-test the highs of 61 which it last did in January 2020. Stop loss can be placed between the 39-support line and the bottom of the long-term trend.
Positions taken today at $46.74 with a stop loss 29.6% below at $32.87. Take short term profit point at $66 giving a profit of 41%
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.
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Information is provided ‘as-is’ and solely for informational purposes. Data provided mostly by way of video and images are of actions that have already taken place and are not for trading purposes or advice.
Stock Prices End-of-Day. Information is provided solely for informational purposes, not for trading purposes or advice, and is delayed.
