Hyprop (HYP) is a prominent real estate investment trust (REIT) specializing in high-quality shopping malls in South Africa, with additional interests in Eastern Europe and other parts of Africa. Its portfolio includes well-known malls such as Rosebank, Canal Walk, Hyde Park, and Clearwater. The company has faced challenges due to reduced consumer spending,...
Hyprop (HYP) is a leading real estate investment trust (REIT) specializing in high-quality shopping malls in South Africa, with some interests in Eastern Europe and Africa to the North. Among its assets are well-known shopping malls like Rosebank, Canal Walk, Hyde Park, and Clearwater. The company has felt the impact of decreased consumer spending, leading to...
Hyprop (HYP) is a leading property real estate investment trust (REIT) that specializes in high-quality shopping malls in South Africa and some interests in Eastern Europe and Africa to the North. It owns some of South Africa's best-known shopping malls like Rosebank, Canal Walk, Hyde Park, and Clearwater. It has been impacted to some extent by the fall-off in...
Hyprop (HYP) is a prominent real estate investment trust (REIT) specializing in high-quality shopping malls primarily located in South Africa, with some interests in Eastern Europe and Northern Africa. It boasts ownership of several well-known South African shopping malls, including Rosebank, Canal Walk, Hyde Park, and Clearwater. The company has faced challenges...
Cup and Handle has officially formed on the daily chart.
This was confirmed by the bulls that there is upside to come when the price stayed above the 200MA.
Now once we get our breakout, we'll be more inclined for further upside and demand.
Target R36.02
ABOUT THE COMPANY:
Foundation and Listing:
Hyprop Investments Limited was founded in 1987 and is...
Hyprop Investment Ltd
1. Price Formation: The price has previously broken out from a W -double bottom-price formation on a daily chart .
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA.
3. 200-day Moving Average is below the Price.
5. Relative Strength Index (RSI): The RSI is > than 50.
6. Price Target:34,98
The company
Hyprop Investments...
Hyprop (HYP) is a leading property real estate investment trust (REIT) that specialises in high-quality shopping malls in South Africa and some interests in Eastern Europe and Africa to the North. It owns some of South Africa's best-known shopping malls like Rosebank, Canal Walk, Hyde Park, and Clearwater. It has been impacted to some extent by the fall-off in...
Hyprop Analysis: Charting the Course to a Price Target of 26.
Hyprop Investment Ltd
1. Price Formation: The price has previously broken out from a Reverse inverted Cup &Handle price formation on a daily chart and hit a target. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the...
HYP has broken out of a triangle and has also cleared horizontal resistance around 32.80
With interest rates stalling and, hopefully falling, these counters should do well again.
Ideally, we would like to see HYP target the yellow band higher up from here (36+)
C&H has formed on the daily with the price breaking above the brim level.
Property market in SA is shining and we are seeing this with a couple of stocks.
Other indicators confirm upside including:
7>21
Price>200
RSI>50
Target R36.35
ABOUT THE COMPANY
Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that focuses on...
The price action remains close to the lower range of the linear regression channel pattern.
This increases the likelihood of a mean reversion trade.
The 200-day might also act as some major support.
Above 3400 supports a bullish trend direction. Crossing below this level will negate the bullish stance.
MACD bullish crossover also supports upside price potential.
HYP trading down to support around the R34.60 level. While above that level i will be looking for a push to R38.
Trade ideas are my own and not financial advice.
Price has now broken out in $HYP. Buying the breakout here. LT trend is down so remember buying here is trading against the trend so as always manage your risk.
Yup, on the 1D JSE:HYP chart it's all bad:
- Bear channel (not bull flag!),
- MACD death cross,
- RSI @37 but looks like it has more to give,
- Price < 5EMA < 15EMA < 200DMA.
Yucky.
HOWEVER, if you enjoy rolling the dice on bottom picking, consider the following:
- During the peak of the Covid selloff (no vaccines, armageddon, etc) HYP was trading in a...
