Octodec ready for the next push up to R10.87 - NB Investment TipOctodec has had a challenging year with the price constantly on the downtrend.
That was until 27 June 2023... We can see a huge wick where there was most likely buying from Smart Money and financial institutions...
Since then the support has been tested numerous times and it's since then formed
1 ZAR
215.98 M ZAR
2.08 B ZAR
173.87 M
About OCTODEC INVEST LTD
Sector
Industry
CEO
Jeffrey Percy Wapnick
Website
Headquarters
Tshwane
Founded
1956
ISIN
ZAE000192258
FIGI
BBG000BFLKR6
Octodec Investments Ltd. engages in the business of redeveloping and refurbishing underperforming properties. It operates through the following segments: Retail, Residential, Offices, Industrial, and Specialised and Others. The Specialised and Other segment includes the educational facilities, healthecare facilities, place of worship, auto dealership, hotels, and parking. The company was founded by Alec Wapnick on November 8, 1956 and is headquartered in Pretoria, South Africa.
Our opinion on the current state of OCTOctodec (OCT) is a real estate investment trust (REIT) which owns 246 properties mainly in the inner cities of Johannesburg (33,9%) and Pretoria (66,1%). It has a gross lettable area (GLA) of 1 557 460m² and is valued at R11bn. It is owned and controlled by the founding Wapnick family and Jeffrey Wa
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.