Accelerate Property (APF) is a real estate investment trust (REIT) with a portfolio of 56 properties valued at R12.7 billion. These are primarily retail (70%), with the rest consisting of office (15%) and industrial (15%) properties across six South African provinces. Its flagship property, which it co-owns with a 50% stake, is the expanded Fourways Mall, a...
JSE-APF closed above 92c confirming the pattern.
Pole length of 22c and TP of 114c
Caution: RSI albeit +ve, its well within overbought terrain and the stock is already trading multi-month highs (Aug/Sep 20)