Year lows, page-2

My charting tells me that a megaphone top has formed and it is going to go to the second event line to find bearish resistance at about $2.30.

The next bullish top should be about $3.20 when it gets there. That seems to be the bullish resistance.

The POO has retreated but AIZ is fully hedged.

New Zealand geopolitical environment is also negative with the Ardern Government hanging on by a ministerial resignation or two.

The new National Opposition is less inclined to big business like AIZ and AIA, Auckland’s listed Airport.

So the F/A is based around the lower trend event lines than the upper trend lines at this stage.

My value is $3.20 based on rpms, cost cuts and hedged POO that the market has discounted only IMHO but pls DYODD.

Change my sentiment from sell to buy.