“HOT” stock: Charter Hall (CHC)

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Charter Hall is a property fund manager with funds diversified across office, retail, industrial, and residential property.
“The office exposure weighed on the share price during the past year as no-one wanted any exposure to office property.
“However, with interest rates peaking, it now looks like the right time to gain exposure to CHC.
“Not only that, but the share price chart is also showing upside from here.
“CHC bounced strongly off the lows in November, and then formed a short-term top after gapping up in December.
“The share price has since eased back but we have noticed that has done so in the shape of a bull-flag (diagonal blue lines).
“Not only that, but it has nicely filled the gap that was created in December. This has set us up for a new trade because of the recent upside break (circled)
“We are now looking towards $14 as our next target,” Michael said.

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