SKYCITY Entertainment Group Limited (SKC.NZX)

16 November 2018

Technical Summary: There has not been a lot happening for long term holders of SKC with the stock trading in almost exactly the same place not as it is did 5 years ago. There has not even been much intra-range volatility for mean reversion players. For this reason our one year chart is virtually empty of commentary. The key lessons when looking to buy a stock like SKC from a technical perspective is not to buy when it is overextended and to wait for an opportunity to buy on a pullback. This will get you the best dividend yield. From a technical perspective it is a buy now. The stock has pulled back to an area of historical support and this area has held each time the stock has moved here over the last 5 years.

Hard to say too much about SKC from a technical perspective

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