A positive breakout from the lateral trading band would indicate an intermediate target price of $23.00. Dream Office REIT has a sustainable yield of $1.50 per share which is 7.26% at the current trading price.

Reference the last chart analysis for Dream Office REIT showing the positive reaction to the dividend cut.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca