Michael Gable believes that global property group Goodman Group could provide a buying opportunity in the future. The company owns, develops and manages industrial real estate including logistics and industrial facilities, warehouses and business parks.
“These are the types of properties that have been performing extremely well over the last year and should continue to do well as the economy continues to improve,” Michael said.
“From a charting perspective, the share price had spent most of the last 6 months failing to get above the crucial resistance near $20. It finally managed to get above this level a few weeks ago and we can see with the volumes traded in GMG that renewed buying is now occurring in the stock.
“It is back into a long-term uptrend here and I expect much higher levels over the course of this year. It is one that I am happy to continue holding for clients, and any dips can be treated as a buying opportunity,” Michael added.
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.
