I think once can accumulate Growthpoint between 1020-1030 for an eventual pop to 1070, 1090 and 1110 (200day ma). There is some forced selling due to the MSCI index rebalancing but once this is over the stock should get some legs again. If buying use a stop loss as a close below 1000.
the 20dma which was previously resistance has now turned into support and the...
Stock goes ex dividend of 65c on the 18th of October. At current prices that is a dividend yield of approx 6.5%! Given the doji candlestick, reversal after 2 days of elevated volume, i have every reason to feel like a short term bottom is in here which could see the stock rise into the dividend date next week Wednesday. my two targets are the 23.6% and 38.2% fib...
W Formation has formed on the property company over the last 3 months.
Today we are seeing a strong breakout to the upside.
Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up.
Other indicators show upside to come:
7>21 Bullish
Price<200 - Bearish but, price action is showing upside to come.
RSI>50
Target...
H&S formed on Growthpoint.
We mentioned this was one of those low probability trades.
However, the overall trend won (as most of the time it does) and down it went.
The target hit at R11.88
And unfortunately, I see further downside to come.
LOADSHEDDING AND PROPERTY COMPANIES!
It seems like the 6 hour - 12 hour day Eskom load shedding is having...
What was a low probability trade has turned into an extremely high probability trade.
The H&S broke below the neckline.
We then had all other signals kick in bearish.
21>7 - Bearish
Price < 200 - Bullish
RSI<50 - Bearish
Target can easily be R11.88
H&S formed on Growthpoint.
The price broke below the neckline.
But the price still has one major barrier to attack.
the 200MA... As soon as price breaks below, the trade will be more likely to work out.
Right now the price is retesting the neckline giving a potential conservative entry point for shorters.
21>7 - Bearish
Price> 200 - Bullish
RSI<50 - Bearish...
Hi guys.
solana ecosystem record a high TVL in past month and have a potential to grow in coming months.
but we are in a downtrend now and altcoins loss their marketcap in this cycle.
after SOL reach strong resistance in 45$ react and go down again and cant support in 40 support level.
so we reach under this level and we have a good support in around 35$.
i think...
JSE:GRT is trading at a previous support level from all the way back in December 2015.
If it fails to break through this level, we could possibly see a retracement or a reversal.
I will keep an eye on this one for a possible long opportunity.
JSE:GRT is showing a descending triangle pattern which is a neutral candle pattern. Depending on the breakout, we could be looking at a move in either direction. Keep an eye on this one for when it breaks out.
JSE:GRT formed a gap between the 1st and 2nd of October that it looks like it might fill soon. Gaps are generally quite tempting to close for traders. The stochastic seems to be turning up, which is also a sign of a possible reversal. Keep an eye on this one for confirmation of a long position.
JSE:GRT bounced off of a support level earlier this week and it has broken through a fractal level that it has been struggling with. It is looking good for a long position.
JSE:GRT is showing a piercing line pattern which is a bottom reversal pattern.
Definition of Piercing Line: After a preceding downtrend, the green candle opens below the previous days close and closes above 50% of the previous red body. The candles MUST be different colours.
Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The...
