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...
Pushpay (-10.6%), the church management software company plunged to $1.10 after rumors surfaced that its buyout would not be progressing. Pushpay would not confirm or deny the rumor, although noted that they were aware of the market speculation and were abiding by its NZX continuous disclosure obligation. A cooperative bid from BGH Capital and Sixth Street...
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,...
Very nice index with a bright future. All time support and resistance levels on our chart
Thanks for viewing, I am not sure if this is of wide appeal. NZME is a media Company that caught my attention last year due to the share price declines having appeared to have out-paced any revenue declines in an industry in a global slow down-trend. I was eyeing the equity at the 0.40 level at the start of the year but felt there was still another leg down -...
New Zealand has had no new Coronavirus cases in the past 13 days. America is about to top 105,000 cases. New Zealand went hard and fast. The United States Is barely squashing the curve. New Zealand is in the phase were politicians are arguing when to remove all restrictions. United States is reopening to save a dwindling election. A stark contrast in the...
Part 1/2: Hi traders, the New Zealand stock market has been performing quite well compared to the Australian ASX 200, pointing at a lower AUD/NZD for some time. Interest rates are still neutral. Technical picture and other important analysis points follow in the next post.
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.
Lower highs on the RSI as opposed to higher lows and higher highs on the price chart.
Thanks for viewing. The price decline of 2015 to 2016 can be plausibly labelled either a WXY (double ABC) correction or as a single impulse wave down. There seem not to be any failures within what is quite likely an impulse wave down. So that leaves two main scenarios on the table: 1. That we have had the wave (4) correction and are working on wave 5 (we are...