Stockanalysis
LFIN.N0000Wait for 60 Buy Zone and Target 80+
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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:
Ravian stock is starting to rebound and rise!Ravian stock is starting to rebound and rise!
This chart shows the weekly candle chart of the Rivian stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent low point of Rivian stock is supported by the 2.000 level of the golden section in the figure. In the past two weeks, Rivian stock has shown a bullish start! So in the future, the probability of the Rivian stock rebounding upwards to the 1.618 and 1.382 positions in the golden section shown in the figure, after a long rest, and then choosing a direction to break through!
SeaHarvest is ready to float to R12.00The price has broken above the downtrend.
There is a crucial level that was tested, and it might be where the buyers and Smart Money have filled their orders.
Every other indicator is showing downside, but remember indicators are based on past momentum NOT the future.
So we can expect the price to rally up before the next drop. But I'll let you know.
21>7 - Bearish
RSI<50 - Bearish
Target short term R12.00
ABOUT THE COMPANY
SeaHarvest Group is a South African fishing and food processing company listed on the Johannesburg Stock Exchange (JSE) under the ticker symbol SHG.
The company was founded in 1964 and is headquartered in Cape Town, South Africa.
SeaHarvest specializes in the harvesting, processing, and marketing of a wide range of seafood products, including hake, prawns, squid, and value-added frozen seafood meals.
Hake is the primary species for SeaHarvest, and the company is one of the largest hake fishing and processing companies in South Africa. South AFricans are very lucky to have Hake at your disposal. In Europe it's difficult to find.
SeaHarvest operates a fleet of vessels that engage in both inshore and deep-sea fishing to ensure a sustainable supply of seafood.
The company's fishing operations primarily target hake, a popular white fish species known for its mild flavor and versatility in cooking.
SeaHarvest operates state-of-the-art seafood processing facilities that adhere to strict quality and food safety standards.
The company's product range includes frozen whole fish, fillets, portions, seafood mixes, and coated products, catering to both retail and foodservice sectors.