UPDATE Redefine Falling Flag break into a sideways range Falling Flag - Breakout took place on 18 Dec 2024.
The price stayed above 200MA but lingered between the range of 20MA.
We are seeing lower highs and lower lows. WHich means a broadening formation is forming between the bulls and the bears.
There is no strong indication when the price will rally but the analysis does remain the same until the price either hits the target or below the stop loss range.
The target is still set to R4.39.
Redefine
UPDATE Redefine just crossed above the Falling FlagFalling Flag formed on Redefine and the price is officially breaking up and out of the range.
This is bullish for the company as the JSE ALSI is also showing strong upside to come.
We also see the 7=21 and is about to cross.
Price>200 - Bullish
RSI>50
Target 4.39
ABOUT THE COMPANY
Redefine Properties Limited is a South African-based real estate investment trust.
History
Redefine Properties was founded in 1999 and is headquartered in Sandton, South Africa.
It is also listed on the London Stock Exchange (LSE) as a secondary listing.
Type of Company:
Redefine Properties is a real estate investment trust (REIT).
Diversified Portfolio:
Redefine has a diverse property portfolio that includes office buildings, retail centers, industrial properties, and other real estate assets.
Redefine Properties owns and manages a portfolio of over 500 properties valued at more than ZAR 70 billion as of March 2023.
The portfolio includes office buildings, shopping centers, industrial properties, and hotels.
The company has a well-diversified customer base, including multinational corporations, small and medium-sized enterprises, and government entities.
They own many famous buildings like
Alice Lane towers (Sandton)
Centurion Mall (Pretoria)
Kyalami Corner
East Rand Mall, Boksburg,
Rose Bank Mall
Benmore Gardens etc...
Redefine needs to define its next breakout Redefine has been easy to probability predict in the last two years.
It's been on one strong trajectory down.
And after each crash, there is a relief rally to buy and profit from.
However, now we are in tricky territory.
There is a Broadening Triangle being formed which can break either way. That's the difficulty with Broadening patterns.
My bet is DOWN only because the overall trend is in a bear market. And the overall bias is down because the price is below the 200MA.
However, there needs to break a few strong levels.
1. The current support on the Broadening pattern.
2. The even strong support level established at R3.20.
My target if the price breaks down will be R3.11. However, it's not like we can do much with this information.
As an investor, I guess it's best to hold and wait for some kind of recovery.
As a short term trader, we can just watch the analysis play out as I doubt market makers have Redefine as an option to short.
We also need to look at the property index which has an influence on the market.
ABOUT THE COMPANY:
Redefine Properties is a real estate investment trust (REIT) based in South Africa.
Overview:
Redefine Properties is one of the largest real estate investment trusts in South Africa.
Industry Focus:
The company primarily focuses on the ownership, management, and development of properties across various sectors, including retail, commercial, and industrial.
Diversified Portfolio:
Redefine's property portfolio includes a diverse range of assets such as office buildings, shopping centers, and industrial properties.
REIT Structure:
As a real estate investment trust, Redefine typically distributes a substantial portion of its earnings as dividends to shareholders.
Redefine Trade Update still on the way down to R3.20 BUT...Symmetrical Triangle formed last year and the price broke below the apex.
It has been a very slow moving trade analysis, but that's what happens with blue chip companies.
The companies do what they can to fight for the price (and rightfully to do so).
21>7 >200 - Mixed
RSI <50 Bearish divergence
Target R3.20
ABOUT The company
Redefine Properties was founded in 1999 and is headquartered in Sandton, South Africa.
It is also listed on the London Stock Exchange (LSE) as a secondary listing.
Redefine Properties owns and manages a portfolio of over 500 properties valued at more than ZAR 70 billion as of March 2023. The portfolio includes office buildings, shopping centers, industrial properties, and hotels.
The company has a well-diversified customer base, including multinational corporations, small and medium-sized enterprises, and government entities.
They own many famous buildings like
Alice Lane towers (Sandton)
Centurion Mall (Pretoria)
Kyalami Corner
East Rand Mall, Boksburg,
Rose Bank Mall
Benmore Gardens etc...
UPDATE Redefine hit R3.20 Target and could turn up from hereWe based the short trade off a Symmetrical Triangle.
The price broke below and then took quite a while, but eventually hit the target at R3.20.
Now there is a new Cup and handle formation in the process. The 7 has crossed above the 21MA and there is a higher low creating an uptrend.
We need the price to break before we can expect a relief rally to the 200MA to R3.90.
ABOUT THE COMPANY
Redefine Properties is a real estate investment trust (REIT) based in South Africa.
It was founded in 1999, making it one of the older established REITs in South Africa.
Redefine Properties' portfolio included a diverse range of primarily commercial properties, such as offices, retail spaces, and industrial properties.
The company has made significant investments outside of South Africa as well, with assets in Australia, the United Kingdom, and Poland.
Redefine Properties managed assets worth over R90 billion.
Some of the properties include:
Rosebank Towers. Jozie.
90 Rivonia, Sandton, Johannesburg.
Mall of the South, Johannesburg:
Centurion Mall, Centurion:
Matsulu Shopping Centre, Mpumalanga:
Redefine showing downside to R3.20 thanks to a Symm TriSymmetrical 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.
Redefine looking ripe for the picking to R5.00 since Nov 2021! Redefine has been coming down since November 2021.
The channel was strong and continuous. That was until last year, where the price finally broke up and out of the channel.
This entered into a sideways consolidation range -hence creating a Symmetrical Triangle.
We are still in undecided mode and so we'll need to wait for a breakout before buying.
7 =21 - Undecided
Price>200MA - Bullish
RSI - Bullish divergence
Target R5.00
GENERAL INFO
Redefine Properties is a South African Real Estate Investment Trust (REIT) that is listed on the JSE in good 'ol Jozie.
The company owns and manages a diverse portfolio of commercial and retail properties in South Africa, as well as in other countries such as Australia and Poland.
Its portfolio includes office buildings, shopping centres, industrial properties, and hotels.
Some buildings you might know owned by redefine are:
Shopping Centers:
Eastgate Shopping Centre in Johannesburg
The Glen Shopping Centre in Johannesburg
Tyger Valley Shopping Centre in Cape Town
Hotels:
The Capital Mirage Hotel in Sandton, Johannesburg
The Capital Pearls Hotel in Sandton, Johannesburg
The Capital Empire Hotel in Sandton, Johannesburg
Office buildings:
The Capital on the Park in Sandton, Johannesburg
$JSERDF looking betterWith the company working hard to sort out its balance sheet with 2 disposals in recent days, the market might be feeling a little more comfortable regarding their ability to sort out their debt and reduce the loan-to-value ratio. Technically the chart looks good putting in higher lows since bottoming out and the break of the recent horizontal trading channel between R2.65 to R3.10 could see it move to targets of R3.50 and R4.00.
Redefine midday Analysis I’m a bit more optimistic about Redefine, multiple supports and resistance being created. At worst I’m expecting the share price to hover around 340 - 347 and at best(optimistically) aiming for 390, but I’ll accept 360. I’m very optimistic about Redefine and I’m holding on to these until we possibly hit 600 hopefully by August or September.