Innovative Industrial Properties, Inc (IIPR)
We’ve barely touched upon IIPR in this forum, but it makes for an interesting cannabis play as a REIT that focuses on acquiring and leasing out industrial properties for cannabis production. With the volume behind it dwindling, we see a symmetrical triangle (1) forming, which is kind of funny because it is taking place within another formation that appears like a cross between a trading range and a head-and-shoulders pattern. As with all of these technical patterns, what happens from here on is dependent on what fundamentally unfolds as the Canadian market kicks off into high gear. In other words, what happens from today on amy completely alter the technical picture, potentially rendering any technical forecast moot.
The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.