SchalkLouw

Why ain't my landloard picking up?

Long
JSE:RDF   REDEFINE PROPERTIES LTD
This can't be good for Redefine? A recent break of RDF's long-term resistance line definitely has me worried. With a forward dividend yield (according to Thomson Reuters) of over 12.5% it's looking mighty attractive and the current consensus target price of R9.80 is looking more than just the roof away. It does look extremely oversold (according to it's 14 day RSI), but man...this chart looks like trouble. Think I'll put down my first installment and start laying the foundation.

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