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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...
JSE:RDFShort
by Timonrosso
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:
JSE:RDFLong
by Timonrosso
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.
JSE:RDFShort
by Timonrosso
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
JSE:RDFLong
by Timonrosso