What does AV Jennings Ltd do?
AV Jennings Limited [ASX:AVJ] is a leading residential property development company with a name that continues to be one of the most recognised housing brands in Australia.
This company has been part of the Australian landscape for 80 years with experience in home building, land development, pre-planned integrated housing and medium density activities.
That’s all well and good, but what is the chart telling us?
What does the chart look like?
What now for AVJ shares?
Of course it has spiked up on today’s news, into a six year high.
Now this is something we can follow. If perhaps, after a retracement, it should continue on to take out that news — that will tell us plenty about the strength of the residential property sector. More than you will ever read in the financial section of the newspaper.
More broadly, whilst all this construction is going on, it is really hard to forecast an imminent economic recession, as some seem to be calling it.
This is a strong sector to be in right now, for all the reasons distilled into the 18 year real estate clock. You can learn more about the real estate cycle and the clock here. Every stock investor should know it.
Research Analyst, Cycles, Trends and Forecasts