Technical Summary: NZK has been listed since October 2016. Unfortunately reliable tick data was not available so we have been forced to make a 6 month chart. The trend however is pretty clear as the stock has ground its way to new highs and is showing signs of leadership. The stock provided a stream of dream buying opportunities earlier in the year after a dry up in volume and a break to new highs. The stock could be overextended right now and has come under distribution at around $2 per share with the price action becoming very choppy. This is an indication of a lack of liqudity in the stock. We would like to see this settle down and consolidate before setting up a buyable opportunity. From a trend perspective investors should wait for a low risk buying opportunity and then jump on board.
