Technical Summary: A quick look at the 5 year chart of THL will show you why it has been one of the darlings of the NZX. In this period the stock has been a near 10 bagger. Grinding up from $0.50 per share to $4.50. The stock has continued this for the last year, moving from around $3.20 per share to around $4.50 where it trades today. We see no reason for current holders to sell here. The stock is not overextended and appears set to start searching for new highs. This thesis will change however if the stock breaks through previous support at $4.20. The stock appears to be consolidating previous gains which we view as constructive. Those looking to open a position Investors should look to buy on strength or when the stock reaches new highs. The stock previously had strong psychological resistance at $4 per share with investors looking to take profits. Once buys broke through this mark the stock exploded to the upside.