Fonterra Shareholders Fund (FSF.NZX)

18 October 2017

Technical Summary: Despite a slight upward bias in the FSF stock there is no clear trend for investors to get overly excited about. However, this could be a stock for the mean reversion traders who may look to buy at areas of support and sell on areas of resistance. A trader may look at an area such as the yellow that is highlighted on the chart and set buy orders outside of this area. Profits can be taken on the upside. However, this should only be considered for experienced traders that have sufficient experience in risk management.

Not much to say here as the stock is consolidating. Could be a potential play for experienced mean reversion traders

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