Technical Analysis

Read the latest news and updates on Technical analysis

24 June 2021 -

Z Energy (ZEL:NZX) Buy the Dip

Z Energy shares have slumped since covid and have been struggling to rebound. There has been selling pressure which shows support is strong at a $2.54 bottom base. We believe Z Energy has bottomed out and is in an attractive BUY zone, and could recover to

17 June 2021 -

Costa Group (CGC.ASX) BUY

CGC shares appear to be “oversold” given the sharp fall, but as seen in the past the stock is prone to short & sharp volatility – so suited for investors with an appetite for risk. Fortunately, the overall trend over the last 18 months continues to remai

2 June 2021 -

Oceania Healthcare Limited (OCA:NZX) BUY Initiation of Coverage

OCA shares have enjoyed a strong run since the covid slump. We see OCA shares have overrun twice (trading above the long-term trend line). Currently OCA is trading below the trend line and is placed attractively within the “BUY ZONE” (marked green). We se

2 June 2021 -

Pacific Edge (PEB:NZX) BUY: Initiation of Coverage

Pacific Edge has had three strong runs over the last 12 months, followed by a mild pull back. We believe there is strong conviction for the stock to run up to our medium-term target of $1.70, but given its recent run it may take two separate rallies to re

25 May 2021 -

Pushpay (PPH:NZ / PPH:AX) BUY: Solid Growth, Reasonable Price

PPH shares staged an extremely strong rally post COVID lows as a net benefactor of the pandemic but have pulled back since as the outlook has moderated (note that PPH executed a 4-to-1 split, which increases the number of shares by 4, and reduces the $ va

10 May 2021 -

FLETCHER BUILDING (FBU:NZ / FBU:AX) – Housing Paying Dividends

FBU shares have rebounded, doubling since COVID rocked markets and seem to be consolidating around the $7 per share level. We see support at $6 should there be a pull-back and see FBU trending towards $8 medium term. FBU still provides an attractive risk

10 May 2021 -

Genesis Energy – The Better Yielding Gentailer

Genesis shares have pulled back recently with concerns around rising bond yields, as well as investors favouring fully renewable gentailers. We reiterate our BUY @ $3.41, with shares falling below the BUY line after 3 sell-offs. GNE has trended lower this

10 May 2021 -

WESTPAC (WBC:AX / WBC:NZ) – More Dividends to Come =

WBC shares have experienced a strong comeback since late last year, but remain well off 2015 highs of almost $40 per share. We see strong support at $24 for investors who would rather buy on a pull-back, and see WBC continuing its uptrend to our medium-te

19 April 2021 -

Contact Energy Limited (CEN:NZ / CEN:ASX): Relative Value BUY

The stock is trading currently at $7.67 at the time of analysis. However, our team made the recommendation to BUY Contact on 12th April 2021 in our daily and since then the uptrend seems quite strong. We see there is a strong support at $7.30 with key res