The above company looks a good chart to keep on watchlist the fundamental changes are something to watch closely . NOW talking about levels, 1400 strong positional basis support area where a retest if takes place would be a fresh add on current entry positions a break out taking place after 2015 ie approx 9 years is something to be truly particpate into !...
Who Knows really the new Zealand Share market is the most fickal in the world if u ask me very little makes sense on an earnings to share price ratio it is ridiculous . Companies earning $350 m a year year on year are at $3.50 pr share and a company that earns $20m is $10 ? how does that work ? Anyway based on Forex trading this is the most probable chance i...
Unfortunately we didn't manage to hold the fib level and break out of trend. I will be watching for re-entry at a lower level if it lands at 1.07p (happy to be wrong)
If we hold above trend line and above 61.8% fibs my 1st target is 2.31p once we break above 50% fibs at 1.88p 3.71p and a retest of ATH is quite possible to be hit later on this year if you hold after 1st target but profits will be taken at different stages on chart. I believe there is a LSE conference that John Peters will be apeaking at, that might give further...