It would appear that we have entered into the buy territory on the New Zealand NZX50 index. Price action is getting close to its long term support line. That is not to say this index will be up next week or anything. Just that for a long term investment, according to the chart technical analysis, we are in the territory to be buying shares up. Selling shares...
New Zealand's stock exchange (NZX) could be facing strong headwinds toward the end of 2022 as third-quarter inflation figures suggest an 75-basis-points hike in the central bank's Official Cash Rate (OCR) in November.
In anticipation of the Reserve Bank rate decision earlier in October, the S&P/NZX 50 fell 106.3 points or -1% to 10,959.71. A similar scenario...
Like many stock exchanges globally, the New Zealand stock exchange continues to emerge from the COVID-19 pandemic-induced trough of 2020, although volatility remains as the pandemic drags on and as markets face new challenges such as the ongoing geopolitical tensions in Europe.
NZX had a lackluster year in 2021
The NZX 50 ended 2021 flat at 13,033.77,...
The New Zealand NZ50G (gross) benchmark index versus some indicative major components: Spark telecoms SPK, Auckland International Airport AIA, and then the electricity generation utilities Meridian MEL, Contact CEN and Mercury MCY along with the NZX Utilities Index G55G - and last, but definitely not the least, is presently the largest New Zealand company Fisher &...
Hi friends
the daily chart shows the uptrend for the next few days so I recommend you to keep n in the portfolio
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Similarish Market recovery shown in May - July 2009. Price bouncing back and fourth between 50 and 200 EMA before crossing above 200 EMA.
As country finally recovering soon moving back to level 2 alert high hopes.
Going long at breakout above would be good.
The Main New Zealand stock index reached a key structure level.
the price has already got rejected on a daily signifying the significance of the underlined zone for the market participants.
on 4H we see a narrow trading range with a potential lower high formation.
on focus in 10350 structure support.
in case of a bearish candle close below that, the index...
I don't have access to the NZ stock market but looks like a massive bubble. Trying to guess the top here is a fun project.
Currently the market is smiling at us. - Double top with a lower high.
If the US stock market runs out of steam in the short term I believe that it could pop the NZ stock bubble.
idea would be to short with a stop sell order once the...
should be funny, or not funny at all to see how this plays out.
note to future self, if the prices crashes to the financial crisis top then don't be a pussy and remember to buy the dip!
Forming monthly tweezer top after a slightly parabolic move in recent years
Is happening at the 361.8% AB=CD move, using the law of alternation if a correction does occur from here it is likely to be a shallow 23.2% or 38.2% retracement given the deep retracement in the GFC
