Technical outlook – Lendlease Group (LLC) technical pattern has hit many ‘bumps’ in the last two months, and technically speaking, the ride could get even bumpier as this share slips further into the bearish trenches.
As the downtrend continues since being established $19.50 in mid-December 2019, it is assessed that this pattern will dig deeper into negative territory if we witness the break of $17.45.
This, in terms, would expose the region of $17.00, to which demand is expected to return (profit-taking). Reassess from there.
Company Overview – Lendlease Group is an international property and infrastructure group with operations in Australia, Asia, Europe and the Americas.
LLC’s integrated business model comprises the operating segments of Development, Construction and Investments. Former Names: Lend Lease Corporation Limited (LLC) on 12/11/2009; Lend Lease Group (LLC), 26/11/2015.