On-line real estate platform is failing after recently making fresh all-time highs and MM still sees another ~10% downside, a great example where fading the pop would have paid dividends.
- At this stage REA has clearly failed to break out above $165 and we can see a break below $140 short-term.
- Due to other contributing factors MM is unlikely to raise our hand as a buyer of REA into such a correction.
MM is neutral / bearish REA short term
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