Redefine looking ripe for the picking to R5.00 since Nov 2021!

Jan 25, 2023

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