Air New Zealand Limited (AIR.NZX)

9 February 2018



Technical Summary: Over the last 5 years the stock of AIR has rewarded investors with the types of swings they are probably accustomed to from holding Airline stocks. For the first half of the last year the stock was in a consistent and fast moving uptrend as it moved from $2 per share to a peark of around $3.60. The stock attempted to consolidatem these gains in a sideways pattern before breaking down. The stock now appears to be in a slow moving downtrend and has made a series of lower lows and highs. While not buyable at the current juncture it does not appear to be terminal for the stock. We would like to see a consoldiation of the stock before a buyable setup will hopefuly appear.

Despite not being buyable at this juncture. It does not appear "terminal" for AIR

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