Summerset Group Holdings Limited (SUM.NZX)

11 July 2018

Technical Summary: With the price stuck in a long term uptrend SUM has been a fantastic stock for long terms holders and is trading just below its all time high. This trend has extended into the 1 year chart above. The stock broke out of a long consolidation period in the middle of the chart and has not really looked back. The stock now appears to be looking to consolidate after a strong run. The SUM chart illustrates the importance of patience for long term investors. It would have perhaps been possible to have sold out of the stock last year due to boredom. These investors with patience now appear to be getting rewarded.

Beautiful chart from this market leader

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