Real-Time: 10h33
Ticker: HYP
Current Price: 4197c
Trading at 34% above it's 200-day SMA
This is the 2nd highest extension since 2005 (a poor reward-to-risk for new buyers)
Bias: Reduce/Sell
(Previous Post: Weekly Overbought - Thursday, 12 September 2024)
Pre-Market
Ticker: HYP
While the price momentum is strong and the price action reflects aggressive buying activity, the weekly RSI is overbought with a reading of 90. At current levels, the reward-to-risk for new short to medium term buyers is unappealing.
(Previous Post: 26 August)
Real-Time: 15h21
Ticker: HYP
Live Reading via the Tactical Trading Guide
Previous Post (29 July)
Real-Time: 14h59
Hyprop Investments (HYP)
Lighthouse Properties (LTE)
ABOVE-AVERAGE VOLUME IN BOTH NAMES, WITH POSITIVE CHANGES FROM THE OPEN. THIS POSSIBLY SUGGESTS RENEWED BYING INTEREST WITH THE CONSOLIDATION RANGES.
HYP
LTE
Lester Davids
Analyst: Unum Capital
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