DELEGAT GROUP (DGL:NZ)
Technical Charting Summary: DGL has been a strong performer in our NZ portfolio since initiation, but we downgraded to a HOLD earlier this year as we see limited upside on a fundamental level at $15.00. Since then, DGL has been quite volatile trading between $14.15 to $15.50 as seen in the red zone. While it has recently sold off we prefer to avoid the stock as we believe there is still more volatility ahead at these elevated levels, and the risk of a sizeable sell off is still present.