New Zealand King Salmon (NZK.NZX)

21 November 2017

Technical Summary: The stock of New Zealand King Salmon has been a good performer for the NZX and is one of the current market leaders. We thought that the stock was looking a bit choppy in the highlighted area on the chart. The stock however brushed this volatility off and found its way to new highs. More recently the stock has pulled back in a constructive fashion, this was needed as the stock had become overextended. We would like to see the stock setup a base at this juncture before hopefully setting up another buying opportunity.

Constructive pullback as the stock looks to set up again.

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