New Zealand King Salmon (NZK.NZX)

7 June 2018

Technical Summary: NZX has been a great hold for investors since its IPO. The stock has found its way to new highs in an orderly manner. Since October 2017 the stock has been consolidating in a volatile base. After a pullback within the base the stock is now consolidating around its all time highs and is at an important juncture. A break down in price and a break out in price both seem like possible out comes. Buyers should look for strength and buying volume to come into the stock as a sign that the stock is ready to breakout.

Stock at crucial juncture, will it be a breakout or breakdown?

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