Retrocom REIT (TSX:RMM.UN) candlestick chart analysis

This mid-market REIT still yields 7.5%

Retrocom reit three-year candlestick chart analysis showing support and resistance with the highlighted consolidation area

Retrocom REIT (RMM.UN) 3-Year Weekly Chart

Always trade in the the direction of the trend:

  • The major trend (greater than six months) is up.
  • The intermediate trend (three weeks to three months) is sideways.
  • The near-term trend (less than three weeks) is sideways.

Reference this Globe and Mail article:  How a real estate analyst’s picks left peers in the dust
Another article: Retrocom: A small REIT with big-growth potential

Retrocom Mid-Market REIT (TSX: RMM.UN) is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring community-based properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

Review my previous analysis of  Riocan REIT

Review my previous chart analysis of Dundee REIT

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

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