GOZ - MACD Daily Histogram above 0 for 25 Consecutive DaysThe Growthpoint Properties Australia Ltd (ASX:GOZ) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days above 0. Since 2007, this type of indicator persistence above 0 was usually the forerunner to some short-term upside.
The optimal 15-day average return, following GOZ's (12, 26, 9) MA
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−0.40 AUD
−298.20 M AUD
332.40 M AUD
259.94 M
About GROWTHPOINT PROPERTIES AUSTRALIA
Sector
Industry
CEO
Ross Lees
Website
Headquarters
Melbourne
Founded
2009
ISIN
AU000000GOZ8
FIGI
BBG000NM62L1
Growthpoint Properties Australia operates as a real estate investment company with a mandate to invest in Australian real property in the industrial, office and retail sectors. The company's objective is to provide investors with a tradable security producing consistently growing income returns and long-term capital appreciation. Growthpoint Properties Australia was founded on February 22, 2007 and is headquartered in Melbourne, Australia.
GOZ - Bullish Trade PlanMy trading Bias for GOZ is Bullish as it has clearly broken the Bearish Trendline with very High Volume.MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a continuation to the upside, and expecting a potential 6-9% gain.
TP Zone ~ $3.30 - $3.45
Stoploss - $2
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Displays a symbol's price movements over previous years to identify recurring trends.