Growthpoint looking to point up after W breakout
W 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:
SHOPPING CENTRES:
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
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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