Technical Analysis

In November 2019 the stock was at its peak at $5.45. Then, by mid-March it came down to $3.29 only retract back to $5.15 by May 18th. As of today, the chart shows support at $4.70 and we reiterate a BUY at $4.93. There is short-term resistance at $5.15 a

The stock was at its peak on 20th February this year at $342.28. The Covid 19 Sell-off reversed the stock to $242.64 levels in March. Later the market wide recovery in April was not long lasting for CSL. Moreover, the recent trading update was not as expe

KPG fell from its peak of $1.59 in January to the lows of $0.74 in March as the market wide sell out took place across the globe. Since then the stock has retraced by almost $0.30 cents. We initiated a BUY recommendation at $0.90 cents on 4th April. We re

Around 23rd of March as the emotional selloff was at its peak FBU stocks touched the lows of $3.05. The aftermath recovery was short-lived, the stock retraced back from the highs of $4.24 to now @ $3.17. As the gradual ramp up in construction activity unf

Around mid-March SYD stock pulled back to $4.37 from all-time highs of $9.30 as Covid 19 news triggered a massive pull back around the global markets. From there as the short-lived recovery started the stock retraced back to $6.31 to face another reversa

While we are not positive on a medium term view, we do acknowledge there may be a short term relief rally for traders as the NZ economy re-opens. In August 2019 the stock was at $6.81 and since it has been in the down trend. It has found a good support at

CGC took a heavy beating in 2019 due to unfavourable market and weather conditions. Given the challenges the Stock is being viewed as a higher risk exposure at the same time deemed as an essential service. The stock went from the heights of $8.70 in later

From the peak of $3.94 in February to the lows of $2.80 in March creates an opportunity equally for the dividend income seekers and capital growth chasers. Current technical analysis shows the stock should find strong support @ $2.97 mark.  We feel $2.99

Air NZ retraced from its $0.80 bottom to test $1.33 in 17 sessions. On the same day AIR broke through the resistance and touched the $1.60 mark but did not hold and turned downwards. After breaking through the $1.33 resistance mark the stock tried to test