This is from the last update.
We saw an Inv Head and Shoulders from AUg 2023 to December 2023.
The price then broke above the Brim and the entire market went through an uptrend trajectory.
Higher lows each time, one fakeout, then a continued bullish momentum nuation.
Price remains above the 200MA and 20MA which signals upwards to come.
The target remains...
Vukile (VKE) is a real estate investment trust (REIT) listed on the JSE and the Namibian Stock Exchange. The company holds various types of real estate assets, including direct property ownership, shares in other REITs, properties in the UK, and a growing portfolio of properties in Spain. Approximately 50% of its assets are located in Southern Africa, primarily in...
Inv Head and Shoulders formed on Vukile as of my last update.
The progress has been slow but sure. It broke above the neckline, stayed above the uptrend and 200MA.
So the next target I'm raising even higher. But this time to R17.59
FUNDAMENTALS:
Positive Earnings Release:
Vukile Properties released their first half 2024 earnings showing an increase in...
Vukile (VKE) is a real estate investment trust (REIT) trading on the JSE and the Namibian Stock Exchange. It owns properties directly, shares in other REITs, property in the UK as well as a growing portfolio of properties in Spain. 50% of its assets are in Southern Africa, mainly in retail, 46% in Spain and 4% in the UK. Vukile has a policy of re-investing into...
Inv Head and Shoulders seems to be forming with Vukile Property.
We have recently had a breakout out of the downtrend and now there seems to be a consolidation of some kind.
I expect the range to form somewhat a Right SHoulder, before the next up side is imminent.
7>21 Price>200
RSI >50
Target R16.51
ABOUT THE COMPANY
Vukile Property Fund is a South...
Stability in the price action makes the share attractive as a speculative long position.
A bullish trend is applicable above 1280.
Increase long exposure for a break above 1310. This is also its 200-dau simple moving average.
The target price is set at 1350 (almost the upper range of the Bollinger Bands).
Stop loss is set at 1240. Negate the bullish bias for a...
A bullish technical trend is applicable.
The ideal entry range is around 1300.
Increase exposure for a break above 1360.
The stop-loss is set at 1280.
The profit target is set at 1410.
Remains above its 200-day simple moving average - supporting a bullish trend direction.
Bull Diamond Break up and out of the resistance for Vukile
It looks good target R15.27.
With the JSE showing a strong bull market since the crypto meltdown.
Investors are looking to deposit and move their money into safer and more stable markets and instruments.
The price action remains above its 200-day simple moving average.
It appears that the price action is building a base.
Only concern is the low volume.
Above 1340 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Upside target around 1480.
For the investors interested in vukile , a cup and handle formation is setting up on this stock. A bullish breakout and close above the R9.50 zone would be a great signal for buyers to come in. we have to allow the market to turn the R9.50 resistance into support for confirmation
Staying on the theme of weak stocks with some volume buying in the background Vukile is showing some strength in its weakness. The TR formed after the selling climax (SC) has been weak in the price action but the volume shows significant buying on the up moves. We are now testing the breakout level. Not quite ready to go in but a good reversal bar with some (but...
