Growthpoint breaks downtrendGRT has broken its downtrend and is now targeting 14.89 and 15.71.
Stop loss placed on a close below 12.65.
GRT trade ideas
Growthpoint - PreDIVGrowthpoint getting bought up before ex-div date (26th October).
Price now back at the 200 dma
GRT: swing correction?A price action above 1246 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 1280.
Consolidation range from 1264 to 1298. Crossing above 1298 might target 1350.
Remains a rsiky trade.
GRT - potential longJSE:GRT is showing signs of an upward move. If it breaks higher than 1330, I'll enter a long position.
Growthpoint - downward momentumJSE:GRT is showing some great downward momentum and is ready for a short position.
GRT: more downside potential?Below 1484 supports a bearish trend direction.
Testing its 200-day simple moving average.
RSI leaves enough room for further downside price potential.
A peak in the recent upside price momentum acts as an early warnings signal for weakness in the price action.
GROWTHPOINT PROPERTIES - Yearly Inside Bar IdeaGrowthPoint Properties formed an inside year for 2021 , range R16.10 - R11.36
Bullish case will be a break of R16.10 to trade towards R22.50
Early entries and risk management can be done on the smaller Monthly/Weekly/Daily charts
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Will the Presidents address change the bullish picture of GRTWe had a golden cross on the stock a few weeks ago. As the stock seems to lead the recovery of the property stocks. Property stocks were amongst the most hit in the COVID-19 crash. Again took the longest to initiate recovery. I suppose uncertainty around dividends from REITs, in light of the COVID-19 lockdowns impact on the companies. Makes it hard for investors to have conviction in the companies.
After the golden cross the stock rallied and pulled back, each time staying above the 50d EMA forming rising bottoms. I’m waiting for a close above R15, and I’ll add to my position on the stock. This picture may be turned on its head after the President moved us to level 4 lockdown.
Long idea on $GRTNice triangle setup with decent R/R for short term trade. Be mindful when trading against the trend.
GrowthPoint Properties LimitedA nice channel is developing, but it must break above R15 to give me confirmation that it is still in an uptrend.
It's at a major support level now (14) and if it breaks lower then I believe R13 could be tested.
If it breaks lower that should be fine as long as it doesn't confirm a new lower low - I want to see it above R13.20 for me to feel confident.
My stop loss is at R12.50 - at this point, I will cut my losses and accept an 8% loss on capital.
What are your thoughts? Are you a buyer or a seller?
Trade Alert: Growthpoint's Golden Cross (GRT)Growthpoint’s Golden Cross
Currently trading within a year-long base/consolidation range, Growthpoint Properties (GRT) has developed a golden cross technical signal whereby the 50-day Simple Moving Average (SMA) crosses above the 200-day Simple Moving Average (SMA). This suggests a potential change in trend and an acceleration on the short term time frame. BUY.
Trade Levels:
Current Price: 1411c
Entry (Range): 1400-1415c
Stop-loss: 1345c (-4.6%)
Targets: 1575-1620c (+11 to +14.6%)
Time Exit: (+-) 15 April 2021
Growthpoint Properties Daily Close Above ResistanceGrowthpoint Properties managed to close above 1375 resistance. Long Targets are 1480 and 1600.
$JSEGRT the one to watchGrowthpoint building base here, getting above the trendline and the 50 day (blue line) will be bullish.
Growthpoint (GRT) False break.We had a false break on growth point as well. Seems like the worse isn’t over just yet for the property stock. I’m looking for a close below 1026c targeting 746c. Should be interesting to see if the trend channel resistance holds as new support or the share trades back into the range.
Enjoy the TrendGRT seems to still be comfortable on this down channel, lets see if they will finally break it!!
#GROWTHPOINT - No ❤️♥️❤️♥️❤️ for property- Property stocks have not been getting any love from investors
- Growthpoint looks set to test the March 2020 lows
- NO POSITION
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
