DRV is coming back (05/05/2020) - Updates
Last week's drop was due to FED bail-out, investor's speculations on economy reopening, and the small business loans was distributed.
3 key factors that will lead to this week rally:
-The economy is open, however, only 25-50% capacity, which means, businesses will consider their profit by shopping for cheap rental.
-Malls are not coming back soon. Rental spaces are opened for rent without tenants. Demand for commercial renting drops.
-Consumer's demand for luxury items drops due to unemployment rates and tightened budgets. This will come back to the first reason, mall businesses will be in danger.
TA
The average price for DRV $22.5 in 14 days
Bottom: $19.5
Target price this week: $26
3 key factors that will lead to this week rally:
-The economy is open, however, only 25-50% capacity, which means, businesses will consider their profit by shopping for cheap rental.
-Malls are not coming back soon. Rental spaces are opened for rent without tenants. Demand for commercial renting drops.
-Consumer's demand for luxury items drops due to unemployment rates and tightened budgets. This will come back to the first reason, mall businesses will be in danger.
TA
The average price for DRV $22.5 in 14 days
Bottom: $19.5
Target price this week: $26