$JSEGRT - Growthpoint Prop Ltd: Is Seven Years of Pain Over?
The share price of GRT has been in a bear trend for over seven years.
Dividends from REITs help sooth the pain of capital losses from declining share prices.
The price pattern from the May 2013 peak to date looks like a flat pattern labelled ABC.
I have tentatively labelled the C wave but price action from the March 2020 low fits the wave iv triangle pattern which would suggest the bear isn't just over yet.
A clear break above 1610 zac will invalidate the triangle outlook but still, there is no evidence of impulsive price action.
Dividends from REITs help sooth the pain of capital losses from declining share prices.
The price pattern from the May 2013 peak to date looks like a flat pattern labelled ABC.
I have tentatively labelled the C wave but price action from the March 2020 low fits the wave iv triangle pattern which would suggest the bear isn't just over yet.
A clear break above 1610 zac will invalidate the triangle outlook but still, there is no evidence of impulsive price action.
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