SKY Network Television Limited (SKY.NZX)

7 March 2018

Technical Summary: In our last technical report we commented that SKT was in no way buyable from a technical perspective. While the stock did appear to try and round out a bottom in the subsequent months it has recently broken down again to new lows. We maintain our view from our last technical report. The stock now has a significant amount to overcome on the left hand side of the chart before this became buyable again. For now the stock is in a long term downtrend and should be sold.

Buyers leaving the company faster than subscribers

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