Newmark Group Inc. engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and…
servicing of commercial mortgage loans, valuation, project and development management and property and facility management.
Take a look at the 1-year chart of Newmark (NASDAQ: NMRK) below with the added notations:
NMRK has formed key support at around $10 (green), while also declining against a down trending resistance line (red). Those two lines have the stock trading within a common pattern known as a descending triangle. Eventually, NMRK will have to break out of the triangle.
The Tale of the Tape: NMRK has formed a triangle pattern. A short trade could be made on a break of support, while a long position might be entered on a break of triangle resistance.
Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or…
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