Tourism Holdings Limited (THL.NZX)

28 April 2019

Technical Summary: The 5 year chart of THL shows why the stock has been such a darling of the NZX. With the line largely moving up and to the right. This is until the last year where the trend of the stock has changed. This is well reflected in the chart above. The stock entered into a downtrend when it moved below its 50 day moving average. Since then it has made a series of lower lows. It then looked to consolidate as it attempted to move above a flattening 50 day moving average. This was until a negative earnings guidance sent the stock crashing through the average. The stock found some temporary support at $4 per share. It now needs some time to consolidate and regain its footing.

After being a darling this stock has been stuck in a downtrend for the last year

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