Oceania.NZX

6 December 2021


Oceania (OCA:NZX)

Technical charting analysis: Oceania has had a volatile run over the last 6-months, rallying strongly then pulling back as NZ was put into lockdown and the RBNZ implemented rate hikes. We see the recent Oceania sell off as overly harsh and there appears to be solid support at $1.29. We anticipate strong upside for the stock over the medium- term but it is unlikely to break past its 12-month high of $1.60 in the near term.

Oceania has had a volatile run over the last 6-months, rallying strongly then pulling back as NZ was put into lockdown and the RBNZ implemented rate hikes. We see the recent Oceania sell off as overly harsh and there appears to be solid support at $1.29.

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