Analysis is based on Elliott Waves. Soon NLOP is expected to break out of the leading diagonal (wave 1), and after some correction, continue going higher.

NLOP is REIT company with assets in USA and Europe. Fundamentally, idea is that properties under management are much higher value than the company itself. As last year shown, NLOP manages to sell its properties at attractive prices. This immediately triggers price appreciation. Valuation itself should not be treated in REIT related environment as case is in the company liquidation value rather than revenue/operations improvements.

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