Ryman Healthcare Limited (RYM.NZX)

30 November 2018

Technical Summary: For most of the last 5 years the stock of RYM was in a long consolidation period before it broke to new highs in May 2018. The stock had a couple of secondary buy points for traders that were a bit more high risk and looking to trade the momemtum. This was before it became overextended and subsequently sold off with the rest of the market. With the stock now returning back to its previous breakout point it could be coming attractive to those that look for technical dips to buy. However, it would be nice to see some consolidation in the stock before doing this as there is no
guarantee that it will not keep on falling lower.

With the stock returning to its breakout point, is it buyable here?

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