Technical Summary: The 5 year chart of THL on the right shows why this has probably been the best performing stock in New Zealand over the last 5 years on a return versus volatility basis. The stock has consistently made new highs and has virtually never given up any ground. From this sense it has been a special stock. This has continued through 2017 and investors were able to buy every dip. The stock has started 2018 with a dip, if the stock maintains historical form this dip will also be buyable. The caveat here is that the stock does sit quite extended from its moving average, more conservative investors may decide to wait for an opportunity closer to the 50 day. The sell case here is obvious, investors and traders should look to take profits in the stock if the long term trend comes to an end.