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Jsegrt

Growthpoint looking to point up after W breakoutW Formation has formed on the property company over the last 3 months. Today we are seeing a strong breakout to the upside. Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up. Other indicators show upside to come: 7>21 Bullish Price<200 - Bearish but, price action is showing upside to come. RSI>50 Target R14.44 ABOUT THE COMPANY Growthpoint Properties Limited is a South African-based real estate investment trust (REIT) and one of the largest property investment companies in the country. Name: Growthpoint Properties Limited is commonly known as Growthpoint. Establishment: Growthpoint was founded in 1987 and has grown to become a prominent player in the South African property market. REIT Status: Growthpoint is classified as a real estate investment trust (REIT), which means it enjoys certain tax advantages and must distribute a significant portion of its earnings as dividends to shareholders. International Presence: While primarily focused on the South African property market, Growthpoint has expanded its footprint internationally, with investments in several countries. Diverse Portfolio: Growthpoint's property portfolio is diverse and includes office buildings, industrial properties, shopping centers, and retail properties. Property Assets: The company owns and manages numerous properties, including landmark buildings and shopping malls across South Africa and abroad. SOME OFFICES AND SHOPPING CENTRES INCLUDE: OFFICES: Sandton City Office Tower The Place 85 Grayston Drive Growthpoint Kings Park The Estuaries SHOPPING CENTRES: Canal Walk Shopping Centre East Rand Mall The Atrium on 5th Northgate Shopping Centre The Constantia Village
JSE:GRTLong
by Timonrosso
UPDATE Growthpoint hit its target at R11.88 warning - Load ShedH&S formed on Growthpoint. We mentioned this was one of those low probability trades. However, the overall trend won (as most of the time it does) and down it went. The target hit at R11.88 And unfortunately, I see further downside to come. LOADSHEDDING AND PROPERTY COMPANIES! It seems like the 6 hour - 12 hour day Eskom load shedding is having somewhat an effect on property companies. I'm no property expert but I assume there would be problems like: 1. Load shedding can lead to tenant dissatisfaction and increased vacancies. 2. Power outages disrupt property management and maintenance operations. 3. Frequent load shedding creates a negative perception of affected areas. As they say Location, Location Location 4. I imagine the power solutions (generators, alternators etc...) are extremely costly investments for backup with these property companies. And just in general, power outages are having a broader economic impact, affecting businesses and consumer spending.
JSE:GRTShort
by Timonrosso
Growthpoint wants to come down but this 1 thing is stopping itH&S formed on Growthpoint. The price broke below the neckline. But the price still has one major barrier to attack. the 200MA... As soon as price breaks below, the trade will be more likely to work out. Right now the price is retesting the neckline giving a potential conservative entry point for shorters. 21>7 - Bearish Price> 200 - Bullish RSI<50 - Bearish Target R11.88 Low probability trade ABOUT THE COMPANY Growthpoint Properties Limited (Est. 1987m headquartered in Sandton JHB) is the largest South African primary listed Real Estate Investment Trust (REIT). Growthpoint has a diversified portfolio of properties, including office, retail, industrial, and residential properties, with a total value of over R150 billion. Some buildings that Growthpoint owns that you might know are: Sandton City Office Tower - a 32-story office tower located in Sandton, Johannesburg, South Africa. Cape Town International Convention Centre - a world-class convention centre located in Cape Town, South Africa. Alice Lane Towers - a multi-award-winning office complex located in Sandton, Johannesburg, South Africa. Canal Walk Shopping Centre - one of the largest shopping centres in Africa located in Cape Town, South Africa. Victoria & Alfred Waterfront - a mixed-use development in Cape Town, South Africa, consisting of commercial, residential, and retail spaces. Growthpoint has a presence in South Africa, Australia, and the UK, with a combined property portfolio of over 500 properties.
JSE:GRTShort
by Timonrosso
IS THE CORRECTION COMPLETE OR WILL WAVE 5 COMPLETE FIRST?Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The company boasts a portfolio of 525 properties which provide 6.7 million m² of retail, office and industrial space to leading businesses in South Africa and Australia. They also have a majority stake in 53 Properties which are valued at R22 billion. One of Growthpoint‘s biggest investments is a 50% stake in the properties at Cape Town’s V&A Waterfront, valued at R6.8 billion. Technicals As you can see on the chart above, there was a spike down to the 50% Fib retracement level as indicated with the red arrow. This is a strong level of support and the rally from there could continue on upwards if this is the formation. I would not be surprised to see wave 5 complete to the 61.8% Fib retracement level before we see the break to the upside but due to the break of the structure at the top of wave 4, it is also possible that the rally will occur soon.
JSE:GRT
by Linton_White