Technical Analysis

Technical Analysis: Auckland International Airport Shares have rebounded strongly on the back of a recovery in international travel. While not quite at pre-covid highs of $9.85, at levels of above $7.80 is still elevated and does not consider the higher interest rate environment meaning it will be harder to justify pre-covid valuations even if Interntional travel had recovered fully (which is still some time away)

Technical Analysis: EBOS shares have been range bound the last year, following a strong multiyear run. We see the stock peak at $44.30, and break past $40.00 a share and can be viewed as an opportune time to take some profit. Given the fundamentals of the business remain strong, we feel comfortable Buying at or below $38.20, as it is viewed as a table support level.

Technical Analysis: We can see Elders had a strong run post covid. Elders managed to buck market trends earlier this year jumping on strong earnings upgrade in March and May 2022 while the rest of the market was sold off, it shows the stock is overbought above $13.00 level, with support at the $11.50 tested a rebounded numerus times.

Technical Analysis: CEN shares have trended lower over the last year or so, its valuation being sensitive to a higher interest rate environment.

Technical Analysis: We can see Telstra shares have been mostly rangebound between the $3.84 to $4.05 zone most of the time with a relatively low degree of volatility.

Technical Charting Analysis: Over the past year, THL broke through a resistance level of $2.65, late last year. THL spiked on its attempt to takeover Apollo tourism and leisure, which has seen regulatory set backs causing the stock to pull-back to pre takeover.