Tourism Holdings Limited (THL.NZX)

10 April 2018

Technical Summary: As we have commented many times before, THL has a beautiful chart and has been a fantastic performer over the last 5 years. The stock has consistently found its way to new all time highs without ever really getting overextended or providing any volatility. This trend has continued over the last year with the stock consistently finding its way to new highs. Along the way it has given investors numerous opportunities to either open a position or add as a continuation buy. There have been two sensible places for investors to buy, either on a breakout after a consolidation or on a pull back to the 50 day moving average, when it is obeyed. More recently the stock formed a nice consolidation and then broke out to new highs. The stock has since pulled back with the rest of the market to its previous breakout point. The stock will be buyable at this juncture if it tests and holds this level. FANTASTIC PERFORMER.

You do not get much better than this...

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