Technical Summary: Since its IPO PPH has been one of the best performing stocks on the NZX. The stock has moved from around 50 cents per share to the $4 per share it trades at today. The price action over the last year has been particularly interesting. From September 2017 to January 2018 the stock virtually doubled as the market quickly revalued the stock based on its potential. As markets often do it appears as if the stock got ahead of itself with the result being a long trading range. It is interesting that recently the stock broke through support within the trading range and looked to be starting a new downtrend. However the stock quickly found buyers and undercut its lows, a sign of strength. The stock then formed a short base before gapping above its 50 day moving average on higher than average trading volume. There is still a bit of resistance on the left side of the chart but the price action is starting to look positive.