Air New Zealand Limited (AIR.NZX)

20 June 2018

Technical Summary: The stock of AIR has been consolidating in a directionless fashion for the last year. If anything there is a slight downwards bias on the one year chart. At this stage it appears that we would need more time before expecting further upside in the stock. The picture for the 5 year chart looks a bit different. Despite some major volatility in 2017 the stock has been in a definite uptrend. Some consolidation and then a breakout to new highs would suggest a resumption of this uptrend.

The stock of AIR is in a long consolidation period

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Air New Zealand Limited (AIR.NZX)

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