Technical outlook – Traders/investors scan many fields of technical indicators to assess potential trades for profitable returns. In late June, Abacus Property Group (ABP) began it bearish decent, and at present, has not found any potential bullish base to stage a firm rebound from.
Therefore, it is unlikely that this share will inspire any bullish activity until reaching the region of $3.75. Reassess from there.
Company Overview – Abacus Property Group (ABP) is a diversified property group that specialises in investing in core plus property opportunities across Australia’s commercial property markets. It invests in office, retail and industrial properties, self-storage facilities, participation in property ventures and developments and property funds management.