Our opinion on the current state of HAMMERSON(HMN)Hammerson (HMN) is a massive international property company that has listed on the JSE to take advantage of South African investors who want exposure to offshore property investments. The company has re-focused itself to invest only in "...flagship retail destinations and premium outlets." The objec
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−1.0 GBP
−526.30 M GBP
121.70 M GBP
449.97 M
About HAMMERSON ORD GBP0.05
Sector
Industry
CEO
Rita-Rose Gagné
Website
Headquarters
London
Founded
1940
ISIN
GB00BRJQ8J25
FIGI
BBG000BDLY28
Hammerson Plc engages in the investment, development, and management of shopping centers, retail parks, and offices. It operates through the following geographical segments: United Kingdom, France, and Ireland. The United Kingdom segment consists of shopping centers, retail parks, and other. The France segment involves in the development activities. The Ireland segment includes shopping centers. The company was founded by Lewis W. Hammerson in 1942 and is headquartered in London, the United Kingdom.
HMN: 200-period confluenceA price action above 640 supports a bullish trend direction.
Increase long exposure for a break above 675.
The target price is set at 714.
The stop-loss price is set at 610.
Notice how the 200-day and 200-week simple moving averages act as confluence support.
Remains a risky trade.
HAMMERSON PLC (HMN)JSE-HMN is potentially forming a Double Bottom pattern in a bullish momentum.
Waiting for confirmation with a break above the neckline and confirmed support above R5.29.
Potential target area of R6.89.
Target 1 - R5.89
Target 2 - R6.44
Target 3 - R6.89
Resistance at the Neckline could see it
Take a Long Shot...I stumbled across the Hammerson PLC chart this morning.
After some doodling around a bit, I'm pretty convinced there is "Falling Wedge Pattern" that has emerged.
I would be lying if I'd said I have done any fundamental research on HMN, other than having a look at some of their latest SENS articles
Hammerson PlcSo far this morning, property shares have been flashing, hitting highs of the day.
HMN has developed a pennant (~65% complete) where I expect further consolidation before a push toward the upside of the structure.
Entry is a break and close above the trend line ~800c.
Target: +920c - 940c
Sto
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.