UPDATE Redefine just crossed above the Falling Flag

Falling Flag formed on Redefine and the price is officially breaking up and out of the range.

This is bullish for the company as the JSE ALSI is also showing strong upside to come.

We also see the 7=21 and is about to cross.
Price>200 - Bullish
RSI>50
Target 4.39

ABOUT THE COMPANY

Redefine Properties Limited is a South African-based real estate investment trust.

History

Redefine Properties was founded in 1999 and is headquartered in Sandton, South Africa.

It is also listed on the London Stock Exchange (LSE) as a secondary listing.

Type of Company:

Redefine Properties is a real estate investment trust (REIT).

Diversified Portfolio:

Redefine has a diverse property portfolio that includes office buildings, retail centers, industrial properties, and other real estate assets.

Redefine Properties owns and manages a portfolio of over 500 properties valued at more than ZAR 70 billion as of March 2023.

The portfolio includes office buildings, shopping centers, industrial properties, and hotels.

The company has a well-diversified customer base, including multinational corporations, small and medium-sized enterprises, and government entities.

They own many famous buildings like

Alice Lane towers (Sandton)
Centurion Mall (Pretoria)
Kyalami Corner
East Rand Mall, Boksburg,
Rose Bank Mall
Benmore Gardens etc...