Metlifecare Ltd (MET.NZX)

1 November 2017

Technical Summary: It has been a volatile year for MET. With the stock trading largely sideways within a wild range. It would have been difficult for an investor to hold without sleepless nights. This would be different however if you had purchased the stock and held over the last 5 years as the stock has slowly found its way to new highs. It has been a difficult stock for mean reversion as the stock has not found any consistent support or resistance in the last year. More recently the stock is sitting around recent support levels and it will be interesting to see if it is able to hold. From a technical perspective the stock can probably be avoided at this juncture.

Wild swings in the stock price have been a feature of this chart

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