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.
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.