The stock of Charter Hall Long WALE REIT (ASX:CLW) reached all time low today, Nov, 9 and still has $3.49 target or 12.00% below today’s $3.97 share price. This indicates more downside for the $ company. This technical setup was reported by Barchart.com. If the $3.49 PT is reached, the company will be worth $ less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock increased 0.25% or $0.01 on November 9, hitting $3.97. Charter Hall Long WALE REIT (ASX:CLW) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More news for Charter Hall Long WALE REIT (ASX:CLW) were recently published by: Reuters.com, which released: “BRIEF-Charter Hall updates on institutional offers for Long wale REIT” on November 07, 2016. Reuters.com‘s article titled: “BRIEF-Charter Hall says Co has elected not to proceed with IPO of Long Wal…” and published on October 18, 2016 is yet another important article.
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