HYP trade ideas
HYP - HYPROP - Good value entry? (3 : 1)A bullish candle off of the current support would validate the current ascending triangle breakout and provide a decent entry into a 3:1 risk to reward trade.
On a fundamental basis, HYP still looks to be a decent value play with a final dividend of 66 cents per Hyprop share (R3.75 for the full June 2020 financial year) with the last day trading being the 19th of January 2021.
JSE:HYP Hyprop Mark-upWe have seen a significant bar with ease of movement breaking out of the Back-up (BU) to the trading range. We previously detailed the accumulation range in the post presented in the link below. This bar could indicate that the accumulation process is now complete and the mark-up can progress.
$JSEHYP Hyprop. Channel breakHyprop has been trading between 1550 & 2500 since COVID news broke. It broke out of this channel with a channel retest on vaccine news. Unloved sector and the reason why there seems to be quite a bit of upside here. 4000 looks like a likely target. Stop loss with a break back into the channel.
JSE:HYP Hyprop Breaking OutHyprop has had a torrid time and dropped to below the 1500 level. After forming a base there are volume signs of strength (SOS) with higher highs forming Last Points of Support (LPS) with volume increasing when pushing higher en decreasing on pullbacks. The Relative Strength has turned the corner and there is divergence on the volume RSI. After breaking the 200SMA we could see a move to 5000.
JSE:HYP - Bullish break (4hr)JSE:HYP - Has formed an inverse H&S (Confirmed)
NL - 1973 (Resistance)
B/o TP 2487
JSE:HYP - Triangle break (4hrs)JSE:HYP - broke below 1804 and sustained the fall
Looking at 1633 TP on the downside
Major Demand levels pushing prices up to retail levelsSupply and Demand technical analysis showing bullish sentiment, looking foward to Fundimentals corelation these positive outlooks for the property sector!
HYPROP - Promising LONG setup - A cup & handle pattern has formed on HYPROP
- Trade presents a low risk/reward for a long entry
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:HYP
+HYP/-FFA Potential Pairs Trade - Pending Change In Trend- RSI breaching overhead resistance
- Money Flow Index clearing ST moving averages and moving up from oversold/weak levels.
- Price action over last two sessions have been strong.
- Medium to Long term time frame
$JSEHYP - Bearish flag at play (Daily)$JSEHYP is not out of the woods as yet, despite bouncing off immediate support 6495 but still within the falling trend
For HYP to reject the set up, immediate resistance will come in two forms: 14d MA (6578) and upper band of the falling channel (6600)
I will wait for the break lower of the falling channel to confirm the bearish flag formation
$JSEHYP Breaking downtrend Hyprop breaking downtrend and building what looks like an inverted head and shoulders. Neckline break will open 9500, 9900 targets. Little follow through on the current markets, so stick to stop losses.
