The assets of the Centuria Industrial REIT (CIP) are high quality industrial sites situated close to key infrastructure. Their largest tenants are major corporations such as Arnotts, Woolworths, and Visy.
“I spoke about the CIP chart in mid-March on Switzer TV,” says Michael.
“At the time, I noted that the share price was consolidating in a narrowing range. It was neither trending higher or lower.
“It was just a matter of time until CIP broke out of this range and started a new trend.
“We can now see that occurring on this chart (circled, see chart below).
“This means that holders of CIP can now expect a multi-month recovery in the CIP share price, and those looking to purchase CIP now have their chance to grab it while feeling confident that it is finally heading the right way,” Michael adds.
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