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SMLWho 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 think it has broken Resistence it is pulling back and will have another run then pull back then have another run as they do then take profit at the top because everyone else does The stupidis thing you can do is sit there and watch your money dissapear, take money off the table then look for next best probable move. When it hits $10.20 Buy safer thing to do it is moving up WAIT let the market tell you what it is doing if it doesn't hit,don't buy.
NZX:SMLLong
by NZ_Shareman
GTKIf breaks $5.60 should go to $6.40 then Sell look for next good move Who knows really but thats my Guess based on ewhat i have learnt over the last few years purely Technical wouldn't have a clue how the company is doing i have concluded over the years it does not matter 1 iotta What matters more is crossing of Moving Averages etc that will tell you more News announcements of course take head of those if you are able and can be bothered checking the News announcements (After those in the know already have Brought or Sold the day before because that is how it works believe me i have seen it : ) NZ market is Fickal
NZX:GTKLong
by NZ_Shareman