Pushpay (PPH:NZ / PPH:AX) BUY: Buy the Dip

29 July 2020


Pushpay Holdings (PPH:NZX)

Technical Summary: PPH is trading at a key level as the recent sell off has presented a good opportunity for the long-term investors. All major moving averages are indicating a Buy action. The stock is still holding the medium-term Uptrend. Chart shows a primary support at $6.87 and at the current levels the short-term support is at $7.50. If the selloff continues in the next week which is unlikely then the stock will slide further to find support at $7.50 mark. For short term traders the trading range is between $7.65 to $8.15 which should change soon as the stock moves upwards to test the resistance at $8.60. Once this level is broken the stock would then move to test the next level at $9.16.

PPH is trading at a key level as the recent sell off has presented a good opportunity for the long-term investors. All major moving averages are indicating a Buy action. The stock is still holding the medium-term Uptrend.

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