Dumz

HYP - HYPROP - Good value entry? (3 : 1)

Long
JSE:HYP   HYPROP INV LTD
A bullish candle off of the current support would validate the current ascending triangle breakout and provide a decent entry into a 3:1 risk to reward trade.

On a fundamental basis, HYP still looks to be a decent value play with a final dividend of 66 cents per Hyprop share (R3.75 for the full June 2020 financial year) with the last day trading being the 19th of January 2021.
Comment: Unfortunately, the fears of another lockdown looming large on the market meant no entry off the support level and trade idea abandoned. REIT's still offer good value to investors but perhaps best avoided for short-term.

Comments

Considered a similar play and eased in with 33% of what I'm willing to go with AVG cost 28.65 but I'm considering jumping out at 33.50 with a stop loss at 27.50 and ignoring the LDT. Scared it falls off too quickly at open thereafter. Is the JSE drag enough to hold this back over the next couple weeks?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out