FTSE ST Real Estate Index: Elliott Wave B ended?

FTSE ST Real Estate is showing a Elliott Wave pattern. Currently the index is trading in a Wave B. Wave C (bearish wave) will start if the index break the support of 733.5. It is important to monitor the FTSE ST Real Estate Index because we can detect whether there is any strength or weakness in property counters to plan our trade.

Analysis by Marubozu https://mystocksinvesting.com

FTSE ST Real Estate Index July 21-2013

If the sector is weak, we can look for the Top 10 components stock to short by looking at the individual stock chart.

FTSE ST Real Estate Top 10 Companies

Look at Hongkong Land’s chart and you can see the weakness of the stock. The stock is trading in a down trend channel.

HK Land July21-2013

Although Global Logistic Properties (GLP) is still on uptrend but be cautious that a Head and Shoulders may be in formation.


Capitaland’s chart is bearish and trading in down trend.


This Post Has 2 Comments

  1. jane

    Hi, interesting article, please accept my appreciation, Elliott Wave B ended?

  2. marubozu

    Need to wait for confirmation.

Leave a Reply