Technical Analysis

Read the latest news and updates on Technical analysis

1 July 2021 -

Tower Insurance (TWR:NZX)

Technical Charting Summary:  As seen above Tower is volatile but when oversold there is a short-term uptrend creating an attractive Buying opportunity. We believe Tower has become oversold again and should trend upwards and remain supported over the mediu

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