Scanning for opportunities in the U.S last night, the real estate sector stood out as a theme, with several ETFs being reflected on my screeners.
Screener as of 21h30, Thursday 11 July
Considering local opportunities, GRT is a setting up as a potential continuation trade. The share is developing pennant formation which is triggered above 1247c, with a target of 1302c. The setup is temporarily invalidated on a daily close below 1216c.
GRT chart after Thursday's close.
Lester Davids
Analyst: Unum Capital
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