PGG Wrightson Limited (PGW.NZX)

6 November 2017




Technical Summary: The PGW chart has ground its way to new highs over the last year. This is essentially an extension of the 5 year chart with the stock slowly moving from the bottom left to the top right. The stock has currently pulled back to an area of recent support. The stock has touched this recent support on three ocassions before bouncing back. Mean reversion traders or investors that are looking to get onboard the larger trend may decide that this support (or this pullback) is a good area for entry. The fact that the stock is thinly traded is easily noticable on the chart. These liquidty constraints may mean that the stock is more suitable to long term investors.

The stock is buyable on this pull back if it can hold support

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]