#Gold #SP500 We’re intending to spend the run up to Xmas, digging out some oddball shares which appear to be showing potential. At present, the market is pretty firmly split between two classes of share. Those who’ve recovered from the March Covid-19 inspired drop and those still not recovered. Unsurprisingly, Tritax fall into the former category, the FTSE 250 member specialising in supply of unimaginative Big Box buildings for the distribution market.
Now we think about, it was inevitable these massive logistics centres, which seem to grow alongside motorway junctions, could probably be bought from a catalogue! Tritax call themselves the UK’s leading investment company focussed on larger scale logistics real estate. With the switch to online shopping, there’s a pretty certain increase in demand for this sort of unit while conventional retail establishments shut down across the UK.
As mentioned, Tritax share price already exceeds the level attained prior to the Coronovirus drop and currently displays the potential of some useful price movements in the future. Presently trading around the 165p mark, the share need only exceed 172p to hopefully confirm an ambition of growth to an initial 195p. If bettered, it shall be hard to discount the chances of a future 217p making itself known at some point.
Overall, the highest we can calculate works out at 239p and obviously, this does not mean the price cannot go higher. Instead, we shall need revisit the tea leaves to see beyond such a level.
If it all intends go wrong, Tritax share price needs slip below 239p to suggest panic, along with the risk of reversal toward 113p and hopefully a bounce.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
9:59:37PM | BRENT | 47.69 | ‘cess | ||||||||
10:02:33PM | GOLD | 1777 | 1763 | 1756 | 1729 | 1789 | 1789 | 1796 | 1807 | 1774 | |
10:04:41PM | FTSE | 6267 | Success | ||||||||
10:07:18PM | FRANCE | 5498 | |||||||||
10:11:34PM | GERMANY | 13319 | Success | ||||||||
10:16:18PM | US500 | 3633 | 3607 | 3591 | 3569 | 3627 | 3637 | 3654 | 3674 | 3608 | Success |
10:21:00PM | DOW | 29680 | ‘cess | ||||||||
10:24:50PM | NASDAQ | 12312 | Success | ||||||||
10:27:02PM | JAPAN | 26484 | ‘cess |