Redefine showing downside to R3.20 thanks to a Symm Tri
Symmetrical Triangle formed on Redefine.
We saw the price breakout to the downside.
21>7 >200 MAs - Mixed
RSI <50 Bearish divergence
Target R3.20
ABOUT:
Redefine Properties Limited (Est. 1980s in JHB SA) is a leading South African real estate investment trust (REIT) and one of the largest property owners and managers in South Africa.
It has a diverse portfolio of properties that includes office, retail, industrial, and residential properties.
The company's portfolio of properties is valued at over R100 billion and spans across South Africa and several other African countries, including Zimbabwe, Namibia, and Mozambique.
We saw the price breakout to the downside.
21>7 >200 MAs - Mixed
RSI <50 Bearish divergence
Target R3.20
ABOUT:
Redefine Properties Limited (Est. 1980s in JHB SA) is a leading South African real estate investment trust (REIT) and one of the largest property owners and managers in South Africa.
It has a diverse portfolio of properties that includes office, retail, industrial, and residential properties.
The company's portfolio of properties is valued at over R100 billion and spans across South Africa and several other African countries, including Zimbabwe, Namibia, and Mozambique.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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