Upwards channel
As lockdown eases in the UK this stock is showing signs of recovery.
We can observe a nice upwards channel. RSI yet not on bullish territory but the pace of recovery is steady. We could be in levels between 120-160 pence in few months.
On the fundametals, the company made a very possitive announcement that this year they managed to collect 85% of the rentals despite of the pandemic situation. Also the have liquidated a lot of not essential assets and they are recycling them using a new strategy. The shareholders eagerly wait for a return of the dividend, which is believed will be anounced in matter of days or weeks.
We can observe a nice upwards channel. RSI yet not on bullish territory but the pace of recovery is steady. We could be in levels between 120-160 pence in few months.
On the fundametals, the company made a very possitive announcement that this year they managed to collect 85% of the rentals despite of the pandemic situation. Also the have liquidated a lot of not essential assets and they are recycling them using a new strategy. The shareholders eagerly wait for a return of the dividend, which is believed will be anounced in matter of days or weeks.
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