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. Given the market weakness this year we can see support levels at $2.40, while temporarily being oversold in June prompting an equally sharp rebound. We have identified attractive buying below $2.80, and should find a new support level at about $3.00 following a rebound in international travel, particularly in NZ.