Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The...
Growthpoint could potentially be forming a bearish flag here. We have run up into the 200 dma as well as the 61.8 fib retracement of the last 6 months swing high and low. Would look for a retracement to at least R24.20 as a first profit target.
One of the top JSE stocks I would be buying this year. Projected target would be the 300 mark
Growthpoint Properties has formed a bullish inverted Head & Shoulders formation over the last couple of days. We broke above the neckline yesterday which triggered the long entry. The market has been kind enough to provide a second opportunity to enter on a retest of the neckline @ 24.00. We have tested the R24.00 level this morning and held so far, and hope to...
What we have currently is a bearish flag, I assume this will be followed by a strong drop in this market down towards the demand zone at the 2261 level, you can enter a sell position around 2371 and take profits at 2261. Alternatively or adding to that position, you can have a buy limit at 2261 taking profits at or around the 2600 area.