Pushpay Holdings Limited (PPH.NZX & ASX)

13 November 2018


Technical Summary: The five year chart of PPH shows a general uptrend with the stock working from less than $1 per share to highs of above $4 per share. On the one year chart however, the stock is in a long consolidatino period or trading range. At around $3.40 per share the stock is trading at support and where it was trading this time last year. It seems as if the stock price got ahead of itself and this consolidation period is allowing the fundamentals to catch up. The question at the current juncture is whether the stock will break this current level of support and start a genuine correction or if the stock is
now buyable here at the lower end of its trading range.

Long consolidation period for PPH

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