Sideways Risk Until Breakout ClearsHDN is showing some promise here, but the reaction at this level is critical. Price has pulled back to the top of the range and bounced, yet there’s still no clear signal that the pullback has fully run its course. Extra caution is warranted, especially since price dipped below the macro 50% level,
HomeCo Daily Needs REIT
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0.180 AUD
250.30 M AUD
365.70 M AUD
1.76 B
About HomeCo Daily Needs REIT
Sector
Industry
CEO
Sid Sharma
Website
Headquarters
Sydney
Founded
2020
IPO date
Nov 23, 2020
Identifiers
2
ISIN AU0000113136
HomeCo Daily Needs REIT aims to invest in predominately metro-located, convenience-based assets, across the target sub-sectors of neighborhood retail, large format retail, and health and services. Its objective is to provide unit holders with exposure to a portfolio of stabilized assets targeting consistent and growing distributions. The company was founded in November 2020 and is headquartered in Sydney, Australia.
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Bullish potential detected for HDNEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:HDN
- i.e.: above high of $1.31 of 9th May (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of resistance of $1.31 from 31st October 2022.
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Summarizing what the indicators are suggesting.
Neutral
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Neutral
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Neutral
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Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

