A share poised to rally at least 25%?

TL;DR

Hammerson, a UK shopping center owner, has experienced significant decline in share price, but recent momentum divergence may indicate a reversal and potential bull move.

Transcript

hello it's John Burford with chart of the week for Monday the 17th of February and today I'm covering Hammerson a major UK shopping center owner and it's in the the dreaded retail sector of the market and we all know it's no secret that it's it's had pretty much a hammering in recent years and the share price has followed that sentiment so let's go... Read More

Key Insights

• 🚄 Hammerson's share price has experienced a significant decline, but recent momentum divergence suggests a potential reversal and bull move.
• 😘 The daily chart indicates a potential major low for Hammerson, with targets around three pounds and a gap to fill.
• 🛬 Comparing Hammerson to a rival property owner highlights the difference in share price performance and the potential for bankruptcy.
• 🪡 Momentum divergences alone are not sufficient to determine buy signals; further indicators are needed.
• 😒 The downtrend in the rival property owner's share price serves as a cautionary example of how not to use momentum divergences.
• ❓ Hammerson's recent rally and subsequent decline suggest a potential opportunity for swing traders.
• 👀 Gaps in share price often get filled, making them an important target to watch.

Questions & Answers

Q: What has been the trend of Hammerson's share price in recent years?

Hammerson's share price has experienced a steady decline, with a loss of 72% from its high in 2015 to a low of two pounds in 2019.

Q: What is the significance of the momentum divergence for Hammerson?

The positive momentum divergence indicates a potential reversal and a substantial rally phase for Hammerson's share price.

Q: What are the potential targets for a bull move in Hammerson?

The first target for a bull move in Hammerson is around the three-pound twenty area, and the second target is the gap on the daily chart.

Q: How does Hammerson compare to a rival property owner in terms of share price performance?

While Hammerson has experienced a decline in share price, the rival property owner has seen an exponential decline, losing 97% and potentially heading for bankruptcy.

Summary & Key Takeaways

• Hammerson's share price has declined steadily since 2015, reaching a low of two pounds in 2019.

• Recent momentum divergence suggests a potential reversal and a 50% gain from two pounds to three pounds.

• The daily chart indicates a potential major low for Hammerson, with a target around three pounds and a gap to fill.