Realty Income Corp Stock Technical Analysis
The O stock price broke below the daily Ichimoku cloud in November 2019. Before that, the majority of investment banks had upgraded their position on the stock and therefor it reached an all-time high beginning of November. Ichimoku Kinko Hyo strategy suggests we could see further drops towards the 38% Fibonacci retracement level of 68.70. However, the stock price can find support at the next Fibonacci retracement levels.
This may provide an opportunity to buy Realty Income Corp stock at lower prices. However, if you’d like to start receiving dividend payments, then you might want to consider investing earlies at the current market price.
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