There is an Early Golden Cross on Invesco Property Income Trust Ltd (LON:IPI) Chart, were the 20 day moving average has moved above the 50 day moving average. We may soon get the Proper Golden Cross, when the 50 day moving above the 200 day moving average.
There was a big increase in volume on Friday in IPI share.
MACD and RSI are now giving a BUY signal. IMHO, check out this chart and make your own mind up:
If you look at the 3 year chart there is early signs of a "W" forming on the chart, after the second dip in the Commercial property Sector is now starting to recover.
IPI is quite a cheep when you look at the price a year ago and nothing really changing in the company.
Rent-free periods for new lease holders coming to an end, means more income.
When inflation / hyper inflation come in, after all the money printing, we will see property prices fly up, like in the 1970's.
Most commodities are going up due in inflation - property will be the next to follow.
