Equites (EQU) is the only real estate investment trust (REIT) on the JSE which specialises in industrial logistics and distribution properties in South Africa and the UK. It has about R12bn worth of assets in South Africa and R7,4bn worth in the UK. Its most recent acquisition of a 100 000 square meter logistics property in Germiston was expensive, but it has an...
Equites (EQU) is the only real estate investment trust (REIT) on the JSE which specialises in industrial logistics and distribution properties in South Africa and the UK. It has about R12bn worth of assets in South Africa and R7,4bn worth in the UK. Its most recent acquisition of a 100 000 square meter logistics property in Germiston was expensive, but it has an...
The price action is testing major resistance. Breaking above this level might target 1720, which is the 38.2% Fibonacci retracement level. A bullish trend is applicable above 1580. Negate the trade for a break below this level. MACD (lower panel) also confirmed a change in trend direction. Remains a risky trade as the general trend direction remains bearish.
Equites Property Fund has been weak. After breaking the trading range and backing up to the breakdown it is now likely to be time for the markdown.
After the stock created a double top, we now seeing a retest at the neckline. however considering wave count, im still favouring the bullish side provided the stock retest at R14.32
After a strong run and buying climax towards the end of 2017 EQU has been range-bound. This long trading range (TR) looks like a reaccumulation. After some initial signs of weakness in the TR we now see increased volume on the rallies and decreased volume on the declines. We also see higher highs and price pushing up against the 2200 level. A break of this level...
$JSEEQU has formed a bearish flag Looking for a close below 2046 (Lower band of the channel) Neutral for now