GPT - Is the Correction Over?GPT may have finished its retracement and may be ready for an up move. As it has broken the Bearish Trendline, and a bounce of the Support Zone and High Profile Volume Zone, I think it is going to move up towards the previous Highs.
TP1 - $4.57
TP2 - $4.77
Stoploss - $3.97
Please note these are my
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−0.10 AUD
−200.70 M AUD
992.40 M AUD
1.91 B
About GPT GROUP
Sector
Industry
CEO
Russell Todd Proutt
Website
Headquarters
Sydney
Founded
1971
ISIN
AU000000GPT8
FIGI
BBG000BBTGL2
GPT Group operates as a real estate investment property trust. It invests in retail, commercial, hotel, industrial, and office park properties. It operates through the following segments: Retail, Office, Logistics, and Corporate. The Retail segment includes regional and sub-regional shopping centers as well as equity investment in GPT Wholesale Shopping Centre Fund. The Office segment comprises of prime central business district office properties including some associated retail space as well as GPT's equity investment in GPT Wholesale Office Fund. The Logistics segment manages logistics and business park assets and on equity investment in GPT Metro Office Fund. The Corporate segment involves in cash and other assets and borrowings and associated hedges plus resulting net finance costs, management operating costs and income tax expenses. The company was founded by Dick Dusseldorp in 1971 and is headquartered in Sydney, Australia.
Uptrend Confirmed - Next Buying OppurtunityRecent price action has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $4.15
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.