Ryman Healthcare Limited (RYM.NZX)

11 April 2018

Technical Summary: Is this market darling making a come back? The start of the 5 year chart shows the tailend of the great RYM bull run. Since that time the stock has largely gone sideways. Over the last year the stock has confirmed the bull run thesis. The stock has found its way to new upside and it looks to be in an uptrend. Entering the stock has not been without difficulty however with the
stock swinging quite strongly with breakouts often failing. For example, after providing two breakout points the stock broke down after the New Zealand election in a move that may have been difficult to hold through. The breakout following the election quickly ran
up and then became overextended and the consolidation period that has followed is natural. The base that has been formed has not been without consolidation but it appears that the stock is setting up constructively.

Is this former market darling making a comeback?

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