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Potential Sell Entry Alert to Watch RFF
Time Frame : Daily
Sector : Healthcare Equipment and Services
Key Stats : $651.57 Million Market Cap, VWAP 1.94, ASX Ranking 340, 4 Week Av Turnover $949,661, Current Turnover Intraday $5,941,550 (12:01pm AEDT).
Company Overview : Rural Funds Group (RFF) is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust and RF Active. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.
Broker Consensus : BUY
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RFF – Rural Funds Group
RFF recently came under fire from a negative research report that triggered a fire sale down to 1.40 from where the price has recovered to some extent. We see the current action as remaining negative and there will be a lot of holders from above the current price, along with some bargain hunters off the lows, than will be forced to exit if the price takes another turn for the worse. We are now watching current extended levels for a lower high to come into play on the weekly timeframe to put the pressure on for a short setup on the daily timeframe.
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Stock Code : RFF – Rural Funds Group
Company Website : www.ruralfunds.com.au
Current Price : 1.945
Status : On watch for potential lower high and push down through 1.80
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