Tritax Big Box 1/12/2020

#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.

 

Hey, chart goes here

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
30/11/2020 FTSE Closed at 6266 points. Change of -1.59%. Total value traded through LSE was: £ 9,995,620,767 a change of -0.31%
27/11/2020 FTSE Closed at 6367 points. Change of 0.08%. Total value traded through LSE was: £ 10,026,664,770 a change of 117.2%
26/11/2020 FTSE Closed at 6362 points. Change of -0.45%. Total value traded through LSE was: £ 4,616,288,955 a change of -37.01%
25/11/2020 FTSE Closed at 6391 points. Change of -0.64%. Total value traded through LSE was: £ 7,328,126,643 a change of -3.31%
24/11/2020 FTSE Closed at 6432 points. Change of 1.56%. Total value traded through LSE was: £ 7,578,918,377 a change of 19.1%
23/11/2020 FTSE Closed at 6333 points. Change of -0.28%. Total value traded through LSE was: £ 6,363,234,404 a change of 15.64%
20/11/2020 FTSE Closed at 6351 points. Change of 0.27%. Total value traded through LSE was: £ 5,502,683,054 a change of -22.04%

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