Jones Lang LaSalle Inc., a financial and professional services firm, provides integrated real estate and investment management services to owner, occupier, investor, developer clients worldwide. Its real estate services comprise agency leasing, investment management, tenant representation, real estate investment banking/merchant banking, property management, corporate finance, facilities management/outsourcing, hotel/hospitality advisory, project and development management/construction, energy and sustainability services, valuations, value recovery and receivership services, consulting, logistics and supply chain management, and capital markets. The company offers these services to real estate owners, occupiers, investors, and developers for various property types, including offices, multi-family residential and military housing, hotels, critical environments and data centers, industrial properties, sports facilities, retail properties, cultural facilities, healthcare and laboratory facilities, transportation centers, government facilities, and educational facilities. It also provides a range of real estate investment products and services in the public and private capital markets, as well as indirect public investments primarily in publicly traded real estate investment trusts and other real estate equities.
To review Jones’ stock, please take a look at the 1-year chart of JLL (Jones Lang LaSalle, Inc.) below with my added notations:
While trading sideways over the last (3) months, JLL has formed a solid resistance at $100 (red). That resistance would also provide a 52-week high breakout if the stock could manage to break above it. In addition, the stock has been climbing a trendline of support (blue) since last August. At some point, the stock will eventually have to break one of those two levels.
The Tale of the Tape: JLL has an up trending support and a 52-week resistance level to watch. A long trade could be made on a breakout above the $100 resistance or on a pullback to the support, which currently sits near $93. A break below the up trending support could be an opportunity to enter a short trade.
Would you like assistance in making your TBS trades? If so, email me at Christian@yolopub.com and let’s talk about working together one on one!
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 do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.
No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!
Christian Tharp, CMT