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VICINITY CENTRESVV

VICINITY CENTRES

2.50AUDD
−0.04−1.57%
At close at Jul 11, 06:25 GMT
AUD
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VCX trade ideas

Your stomach in knots? Maybe these could cheer you upI am sure this is not the best time to make stock pick. But the market is actually not as bad as it may seems. If I look at my recent pick, actually only the china related stocks like BEKE/YSG are down because of the downtrend sentiment with nasdaq. If you look at my pick in ASX, all of the are still up since my recommendation, actually way up. One of the thesis I like a lot is about post covid recovery. I made some pick on travel and resources and they still hold strong. And today I want to make a few more recommendation on properties REITs because of a few reason - unemployment and spending will improve post covid, people would definitely look into the property market again - Australia gov is loosening the immigration policy to attract high income immigrants from Hong Kong, China and South East Asia which would drive an upward demand on property. - stock price of property REITS are still way below water compare to mar-2020 when the stock market melt down. There are a lot of REITs available in the ASX market, and I am just sharing a few which contain a good mix of residential, retail and industrial. Of course i like their recent price action on the charts. I personally would spread an equal amount of investment across these three and look for at least 30% gain in 3 months. ASX:VCX ASX:SCG ASX:MGR Good luck guys.
ALong
by Squishybrain
VCX - Does it want to Move Higher?The Chart formation of VCX suggests to me that it may continue higher as it managed to bounce of decisively off the 200SMA and even managed to closed above the 50SMA and the Bearish Trendline with High Volume. I think it may go to retest the previous highs. MACD has also crossed indicating a continuation of the trend. TP1 - $1.750 (potential gain 6%) TP2 - $1.850 (potential gain12%) Stoploss - $1.450 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALong
by AsimMirzaTrader