Redefine Trade Update still on the way down to R3.20 BUT...Symmetrical Triangle formed last year and the price broke below the apex.
It has been a very slow moving trade analysis, but that's what happens with blue chip companies.
The companies do what they can to fight for the price (and rightfully to do so).
21>7 >200 - Mixed
RSI <50 Bearish divergence
Target R3.20
ABOUT The company
Redefine Properties was founded in 1999 and is headquartered in Sandton, South Africa.
It is also listed on the London Stock Exchange (LSE) as a secondary listing.
Redefine Properties owns and manages a portfolio of over 500 properties valued at more than ZAR 70 billion as of March 2023. The portfolio includes office buildings, shopping centers, industrial properties, and hotels.
The company has a well-diversified customer base, including multinational corporations, small and medium-sized enterprises, and government entities.
They own many famous buildings like
Alice Lane towers (Sandton)
Centurion Mall (Pretoria)
Kyalami Corner
East Rand Mall, Boksburg,
Rose Bank Mall
Benmore Gardens etc...
