PGG Wrightson Limited (PGW.NZX)

19 March 2018


Technical Summary: Over the last 5 years the stock of PGW has maintained an upward bias and has been a strong performer. More recently, the stock has moved within a tight trading range between around $0.55 and $0.62 per share. The stock is now trading at the top end of that range. It will be interesting to see if it is able to breakout from here. Investors or traders are able to be patient with the orders as the stock does not trade with much liquidity and is slow moving. Although this could change with recent news that a large shareholder could be looking to divest their holding.

Long-term uptrend for this small trader

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