Technical Summary: PPH is a reasonably new name on the NZX. The stock started life on an uptrend before that broke down in 2016. Once volatility had gone out of the price the stock provided an excellent buying opportunity as obvious volume came into the stock around July 2017. Since that time the stock has been a market leader on the NZX. Apart from 2 more buying oppotunities the stock has spent most of its time as a market leader overextended. While this has been great for holders it has
provided scant opportunity for those looking to get into the stock. The stock has recently pulled back from its over extension and lal time highs. This may provide investors that buy the dip within a wider uptrend an opportunity. Ideally we would recommend that dip buying occurs off strength as it is normally difficult to know how big a dip is.