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March 4 Chart of the Day - Ares Commercial Real Estate Corp.

Precision oriented price action technical analysis by far provides the best edges and most setups for traders across the markets so that's what we use for the basis of our reviews.

According to published reports Bank of America has downgraded six players in the Commercial Real Estate mortgage REIT sector, citing interest rate headwinds and weakening fundamentals that spell a [potential] “rocky road ahead” for the industry.

Ares Commercial Real Estate Corp. (ACRE) was flagged by BofA with notable concerns that include a significant office exposure and looming portfolio maturities, alongside recent credit issues and a dividend reduction.

Today we'll review their chart from a price action technical analysis perspective.  One of the first things we noted was they are not trading at all time highs (ATH)...

With that said here are just the charts...



Armed with this precision oriented information both traders and investors can formulate their respective plans.

So what's next? 

We don't make predictions...

Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.

  1. Support/Resistance
  2. Trend
  3. Fibonacci 
  4. Supply/Demand Zones,
  5. Change Control Zones

ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.

Take a look at the charts and let us know what you think.  

We'd like to hear from you in the comments sections. 

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