TA def not looking too shabby at all. Only comment on the NZX chart, however looking like it's approaching the 50 day avg again, breakout through this historically has proven to be followed by somewhat reliable uptrends.
You can tell from the chart the downtrend below the 50-day was heavily driven by LOW volume (ignoring sell down day) selling likely related to market direction led changes than normal stock related fluctuations which is comforting. Despite notable market movements the stock never returned to the initial consolidation zone established after the first leg up post-report (and prior to upgraded guidance), which is great - as below this consolidation is a big gap down which would be dicey to deal with and I'd probably sell if it did get to this point (luckily it hasn't)
Unfortunately this stock seems to be heavily correlated with indexes and will likely continue to do so until the november report.
Brokers seeming to get more bullish on PPH.
PPH Price at posting:
$7.34 Sentiment: Hold Disclosure: Held
