Infratil Limited (IFT.NZX)

27 March 2018

Technical Summary: The 5 year chart of IFT shows some wild swings in price interspersed with long periods of relative inactivity. Despite the amount of red boxes on the one year chart above the stock has mostly proceeded in an orderly fashion over the last year. With the stock moving to higher ground and providing a couple of nice entry points along the way. Despite a couple of ugly gap downs in the most recent pull back there is a chance that the stock has put in a low as it now appears to be showing some strength. So that may provide dip buyers with some rationale for entry. One cocern for long term holders is that in a strong market the stock has not been able to reclaim previous all time highs.

Is this pullback buyable?

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