Emira Property (EMI) is a real estate investment trust (REIT) with significant exposure to the South African economy, particularly through its office properties, including the prestigious Knightsbridge office park in Bryanston. Under the leadership of CEO Geoff Jennett, the company has been consistently improving. While it has some overseas exposure, primarily in...
Emira Property (EMI) is a real estate investment trust (REIT) which has substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. It has a new CEO in the form of Geoff Jennett and the business has been improving consistently since he took over. It has about R760m of overseas...
A price action above 800 supports a bullish trend direction. Increase the long exposure for a break above 840. The target price is set at 960 or the 78.6% Fibonacci retracement level. The stop-loss price is set at the start of the Fibonacci retracement level. The start of upside price momentum might support the price action. Remains a risky idea.
Emira Property (EMI) is a real estate investment trust (REIT) which has substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. It has a new CEO in the form of Geoff Jennett and the business has been improving consistently since he took over. It has about R760m of overseas...
EMI is trading in a 208 day consolidation box above its 1 year moving average support (R10,00) A solid close on good volume above R11,00 opens target to R13,00
A price action above 990 supports a bullish trend direction. Crossing below this level will negate the positive stance. Further bullish trend support above 1020. Crossing above m1050 might target 1120. Crossing below 1010 will be the first sign of pending weakness. Testing both its 200-day and week simple moving average. Low volume turnover remains a concern.
The JSE's property sector has unfortunately been under immense pressure over the last 2 years and the weakness exhibited by these property counters have provided many opportunities for the bears to capitalize on. What I have identified on Emira Property fund is that the stock tends to trade in range bound rectangular consolidation pattern for a period of time...
$JSEEMI coming from an oversold position and looking to retest the 1262 level