CHC @ 23 SEP 2021Text me if you have any questions/comments for me.
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CHC
- Previous analysis was done on 21 Sep – Suggested half entry at 18.30 levels or wait for successful breakout of 18.50 resistance levels
- Since then, the stock has successfully broken out with above average volume
- If you have taken the entry suggestion, there will be gains of 2-4% within 2 days
- Stock is currently trading at all-time high levels
- Price is too far from short-term support -> no good setup for entry
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
CHC trade ideas
CHC @ 21 SEP 2021Text me if you have any questions/comments for me.
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CHC
- Previous analysis was done on 14 Sep - Suggested waiting for successful breakout of either counter-trendline or 18.50 resistance levels
- Stock today broke out of counter-trendline with slightly above average volume
- There is still an overhead resistance at 18.50 levels
- While the overall market has been weak, the stock has respected the short-term support -> good sign
- If you didn’t enter at counter-trendline breakout, entry at current price levels would be a pre-breakout strategy for the 18.50 resistance levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for successful breakout of 18.50 resistance levels
CHC @ 14 SEP 2021CHC
- First time doing a written analysis on CHC
- Has history of good uptrends
- Stock respects the short-term support more of the time
- Trading in a tight band for the last 3 weeks -> I would call this “No Man’s Land”
- Formed a double top with strong resistance near 18.50 levels
- Today’s price action looks like the first signal of a rebound, but more price action is required
- A successful rebound would mean that a strong support would also be formed near 17.50 levels
- Due to strong overhead resistance, a breakout strategy is preferable
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of either counter-trendline or 18.50 resistance levels
$CHC - CHARTER HALL (CHC:ASX) - The Trend Is Your Friend$CHC - CHARTER HALL - The Trend Is Your Friend
Charter Hall has been having a great run this year, up around 60% since it started its uphill climb. With some of the nervousness out of the way with the election behind us it could be a great one to watch. Bit of weakness in the volume at the moment so time your entry and set your stops.
About Charter Hall
Charter Hall Group (CHC) is a property fund manager and developer managing a suite of institutional, wholesale and retail unlisted property funds in which it holds investments. The funds are diversified across the office, retail, industrial and residential sectors. CHC has offices in Sydney, Melbourne, Brisbane, Adelaide, and Perth. CHC's business comprises two divisions namely property investments, and property funds management.
CHC - Charter Hall Group 6 weeks horizontal line breakoutCHC ASX:CHC - Charter Hall Group 6 weeks horizontal line breakout
YTD, the shares price is trading around 22 per cent higher to $ 7.96 .
The shares price profit target is around 10 per cent or $8.35.
It is not intended to trade advice.DYOR
Charter Hall Group is a property company.
The Company is engaged in managing office, retail and industrial properties through listed property funds, unlisted property funds and partnerships, on behalf of wholesale, institutional and retail investors.
Its principal activities are investment in property funds and property funds management.
It operates in two segments: property investments and property funds management.
The property investment segment consists of investments in property funds.
The property funds management segment consists of funds management services, property management services and other property services.
The property funds management business provides investment management, asset management, development management, and leasing and transaction services.
Its property investments are classified into real estate sectors, including office; industrial, and retail. It owns over 300 commercial properties, including supermarket anchored retail centers, and industrial assets.