Mirvac Group – Algo Sell Signal

Our Algo Engine triggered a sell signal in Mirvac at the recent “lower high” formation.

We note the difficulties residential REITs are likely to face in a falling house price environment. Tighter credit conditions will impact Mirvac’s core customer, the investor.

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Resistance within the $2.30 – $2.45 range.

Mirvac Group

 

 

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