Hyprop Analysis: Charting the Course to a Price Target of 26.
Hyprop Analysis: Charting the Course to a Price Target of 26.
Hyprop Investment Ltd
1. Price Formation: The price has previously broken out from a Reverse inverted Cup &Handle price formation on a daily chart and hit a target. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target:26
The company
Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that primarily invests in shopping malls in South Africa and other parts of Sub-Saharan Africa. The company's portfolio consists of large, high-quality shopping centres in key metropolitan areas.
Hyprop's properties typically feature a mix of local and international retailers, making them attractive destinations for shoppers. By owning and managing these malls, Hyprop generates rental income, which it then distributes to shareholders as dividends.
The company operates by generating income through its property investments, typically through rental income, and has policies in place for property management, development, and investment that guide its growth and operational strategies. Like all REITs, Hyprop would typically distribute a significant portion of its income to shareholders, making it an avenue for investors who wish to have regular income through dividends.
Hyprop Investment Ltd
1. Price Formation: The price has previously broken out from a Reverse inverted Cup &Handle price formation on a daily chart and hit a target. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target:26
The company
Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that primarily invests in shopping malls in South Africa and other parts of Sub-Saharan Africa. The company's portfolio consists of large, high-quality shopping centres in key metropolitan areas.
Hyprop's properties typically feature a mix of local and international retailers, making them attractive destinations for shoppers. By owning and managing these malls, Hyprop generates rental income, which it then distributes to shareholders as dividends.
The company operates by generating income through its property investments, typically through rental income, and has policies in place for property management, development, and investment that guide its growth and operational strategies. Like all REITs, Hyprop would typically distribute a significant portion of its income to shareholders, making it an avenue for investors who wish to have regular income through dividends.
Trade closed: target reached:
this traded hit my TP. I think my tP was tight