Hammerson Plc | On Friday we saw British Land (BLND) resume it's dividend as the group revealed that the footfall for it's properties were 21% ahead of where management projected it would be. Coming back home to dual-listed Hammerson Plc, we note the price being extended well below it's 200-day simple moving average while attempting to regain the prior support...
Keep an eye on Hammersons in the UK (shown chart in London as that is where the primary listing is based - trades on the jse as JSE:HMN. Stock has had 4 months of way above average volume changing hands and the hammer reversal candles in April and May give you the clue that the buyers have fought extremely hard on this one. Spikes in volume like this often lead to...
Market has corrected and I am expecting it to find support at current price or at 1859. Alternative buy strategy, buy above 2396 and target a take profit zone at 4500.
- A positive move on volume (Stochastics oversold)
- Earnings coming up on the 26 feb
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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Momentum is the rate of acceleration of a share's price.
Using the Coppock curve and price momentum calculate momentum over multiple time frames (daily, weekly, monthly).
Yesterday I published ah hourly chart of $JSEHMN, with a question: is this another false b/o? It turned out it was and with the price reversal, the daily chart now clearly shows a bearish flag formation.
I am looking for a close below 3920/25 for the break out with intermittent support around 3811 later 3711.
Full target on the downside is around 2861
$JSEHMN has had two false break on two different indicators: bearish flag and H&S formation.
Recently the price pattern formed bullish flag formation, subsequently breaking out on the upside.
However this looks like it could also be short lived as the price seem to have stalled and retracing a bit.
Momentum indicator is still +ve while RSI has turned...
Hammerson PLC is an owner, manager and developer of retail destinations in Europe. Hammerson’s share portfolio includes investments in 23 prime shopping centres in the UK, Ireland and France, 18 convenient retail parks in the UK and 19 premium outlets across Europe.
Hammerson is listed on the Johannesburg Stock Exchange (JSE). The Financial Surveillance...
