Hammerson #HMN - Buy - $JSEMarket has corrected and I am expecting it to find support at current price or at 1859. Alternative buy strategy, buy above 2396 and target a take profit zone at 4500.
HMSO trade ideas
HMN - Wedge Breakout- A positive move on volume (Stochastics oversold)
- Earnings coming up on the 26 feb
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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HMN: share with the strongest upward momentum currentlyMomentum is the rate of acceleration of a share's price.
Using the Coppock curve and price momentum calculate momentum over multiple time frames (daily, weekly, monthly).
$JSEHMN - Bearish flag formed on a daily chartYesterday I published ah hourly chart of $JSEHMN, with a question: is this another false b/o? It turned out it was and with the price reversal, the daily chart now clearly shows a bearish flag formation.
I am looking for a close below 3920/25 for the break out with intermittent support around 3811 later 3711.
Full target on the downside is around 2861
$JSEHMN -Could this be another false b/o?$JSEHMN has had two false break on two different indicators: bearish flag and H&S formation.
Recently the price pattern formed bullish flag formation, subsequently breaking out on the upside.
However this looks like it could also be short lived as the price seem to have stalled and retracing a bit.
Momentum indicator is still +ve while RSI has turned bearish
Keeping an eye on the 14d ma (4240)
Bullish Structure Formation With Big Targets!Hammerson PLC is an owner, manager and developer of retail destinations in Europe. Hammerson’s share portfolio includes investments in 23 prime shopping centres in the UK, Ireland and France, 18 convenient retail parks in the UK and 19 premium outlets across Europe.
Hammerson is listed on the Johannesburg Stock Exchange (JSE). The Financial Surveillance Department of the South African Reserve Bank approved the secondary listing. This listing has been classified in the Secondary Listing as “domestic” for exchange control purposes.
Hammerson believes that pursuing the secondary listing improves the depth and spread of the shareholder base of the Company, thereby improving liquidity and tradeability of its shares and ensuring the Company is accessing a wider pool of international capital.
Technicals
Looking at the bigger picture allows me to see where the price should be headed over the medium to long term and I trade based on lower time frame entries. Here we can see that a 5 wave structure has formed and it is of a bullish nature. This leads me to believe that we will see a break to the upside, eventually. There will be a period of consolidation once price reaches the top of the structure and I will look for confirmation of the break. Long entries are at a good level now to hold to the top.
