Hammerson Plc
So far this morning, property shares have been flashing, hitting highs of the day.
HMN has developed a pennant (~65% complete) where I expect further consolidation before a push toward the upside of the structure.
Entry is a break and close above the trend line ~800c.
Target: +920c - 940c
Stop-loss: 740c
Lots of doubt for the sector (justifiably so) however a gradual (technical) recovery over the last few months (see related J253 idea in February).
HMN has developed a pennant (~65% complete) where I expect further consolidation before a push toward the upside of the structure.
Entry is a break and close above the trend line ~800c.
Target: +920c - 940c
Stop-loss: 740c
Lots of doubt for the sector (justifiably so) however a gradual (technical) recovery over the last few months (see related J253 idea in February).
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