To be honest, the RE price action looks pretty sketchy. From the charts, it's been a continuous bleed-out with no solid bounce in sight. The bears are totally in control, and the bulls don't even have the strength to struggle anymore.
If we can hold around 0.5 today, that would be decent support, but the issue is if we can't even maintain 0.5, then we're opening up downside potential. This ongoing outflow situation has retail investors showing zero interest in picking up the bags; it’s clear the team is clearing their positions. For those looking to catch a bottom, I’d suggest waiting a bit longer—don’t rush in.
At least wait for some volume to stop the drop or see a bottom formation before making a move; jumping in now is likely to make you cannon fodder.
#RE
If we can hold around 0.5 today, that would be decent support, but the issue is if we can't even maintain 0.5, then we're opening up downside potential. This ongoing outflow situation has retail investors showing zero interest in picking up the bags; it’s clear the team is clearing their positions. For those looking to catch a bottom, I’d suggest waiting a bit longer—don’t rush in.
At least wait for some volume to stop the drop or see a bottom formation before making a move; jumping in now is likely to make you cannon fodder.
#RE