Technical Summary: Compared to the wonders of 2009-2013 the stock of Ryman has been pretty boring over the last 4 years. Very recently however things have started happening. Firstly the stock sold off after the New Zealand election. The stock then formed a short but tight base before bursting out to the upside on three big trading days. How to intepret this? the stock is obviously being bought again and is obviously at all time highs. Everyone that has ever owned the stock is now profitable. However, we still expect some selling to happen now as many investors that have been stock sideways for the last 4 years may see this as an opportunity to take a profit. The stock is also overextended now. We would expect some sort of consolidation or pull back from here, ideally we would like to see this selling supported by the buyers. We hope then that the stock sets itself up to be buyable again. It is great to see some life in the tank again for RYM