Inv H &S with Vukile showing strong upside soon to R16.51
Inv Head and Shoulders seems to be forming with Vukile Property.
We have recently had a breakout out of the downtrend and now there seems to be a consolidation of some kind.
I expect the range to form somewhat a Right SHoulder, before the next up side is imminent.
7>21 Price>200
RSI >50
Target R16.51
ABOUT THE COMPANY
Vukile Property Fund is a South Africa-based Real Estate Investment Trust (REIT).
The company was established in June 2004.
Vukile is listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX).
It focuses primarily on the acquisition, management, and development of retail properties, specifically shopping centers.
Some shopping centers include:
East Rand Mall - Boksburg, Gauteng
Pine Crest Shopping Centre - Pinetown, KwaZulu-Natal
Meadowdale Mall - Germiston, Gauteng
Dobsonville Shopping Centre - Soweto, Gauteng
Randburg Square - Randburg, Gauteng
Hammersdale Junction - Hammersdale, K
The company had a strong presence in South Africa and Spain.
In South Africa, Vukile's portfolio is predominantly retail-focused, with a wide range of assets across provinces.
In Spain, the company operates through its subsidiary Castellana Properties, owning a substantial retail portfolio.
Vukile's strategy involves maintaining a diversified property portfolio to mitigate risk.
The company is committed to the principles of good corporate governance and ethics.
Vukile also focuses on sustainability initiatives, striving to limit the environmental impact of its operations.
HOW IT GOT ITS NAME
"Vukile," it's derived from the Zulu language and generally translates to "stand up" or "arise".
This name may reflect the company's commitment to growth and development, as well as its South African roots.
We have recently had a breakout out of the downtrend and now there seems to be a consolidation of some kind.
I expect the range to form somewhat a Right SHoulder, before the next up side is imminent.
7>21 Price>200
RSI >50
Target R16.51
ABOUT THE COMPANY
Vukile Property Fund is a South Africa-based Real Estate Investment Trust (REIT).
The company was established in June 2004.
Vukile is listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX).
It focuses primarily on the acquisition, management, and development of retail properties, specifically shopping centers.
Some shopping centers include:
East Rand Mall - Boksburg, Gauteng
Pine Crest Shopping Centre - Pinetown, KwaZulu-Natal
Meadowdale Mall - Germiston, Gauteng
Dobsonville Shopping Centre - Soweto, Gauteng
Randburg Square - Randburg, Gauteng
Hammersdale Junction - Hammersdale, K
The company had a strong presence in South Africa and Spain.
In South Africa, Vukile's portfolio is predominantly retail-focused, with a wide range of assets across provinces.
In Spain, the company operates through its subsidiary Castellana Properties, owning a substantial retail portfolio.
Vukile's strategy involves maintaining a diversified property portfolio to mitigate risk.
The company is committed to the principles of good corporate governance and ethics.
Vukile also focuses on sustainability initiatives, striving to limit the environmental impact of its operations.
HOW IT GOT ITS NAME
"Vukile," it's derived from the Zulu language and generally translates to "stand up" or "arise".
This name may reflect the company's commitment to growth and development, as well as its South African roots.
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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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