top of page

GROWTHPOINT PROPERTIES (GRT): Target Exceeded - Friday, 16 August 2024

  • Writer: Lester Davids
    Lester Davids
  • Aug 16, 2024
  • 1 min read

SHORT TERM TRADERS CAN BANK / TAKE PROFIT ON THIS IDEA


Pre-Market


Notes on Slide




Previous Post (Friday 12 July)


Scanning for opportunities in the U.S last night, the real estate sector stood out as a theme, with several ETFs being reflected on my screeners.


Screener as of 21h30, Thursday 11 July













Considering local opportunities, GRT is a setting up as a potential continuation trade. The share is developing pennant formation which is triggered above 1247c, with a target of 1302c. The setup is temporarily invalidated on a daily close below 1216c.


GRT chart after Thursday's close.


Lester Davids

Analyst: Unum Capital



Comments


bottom of page