Tourism Holdings (THL.NZX)

9 August 2022

Technical Charting Analysis: Over the past year, THL broke through a resistance level of $2.65, late last year. THL spiked on its attempt to takeover Apollo tourism and leisure, which has seen regulatory set backs causing the stock to pull-back to pre takeover. Given the market weakness this year we can see support levels at $2.40, while temporarily being oversold in June prompting an equally sharp rebound. We have identified attractive buying below $2.80, and should find a new support level at about $3.00 following a rebound in international travel, particularly in NZ.

Technical Charting Analysis: Over the past year, THL broke through a resistance level of $2.65, late last year. THL spiked on its attempt to takeover Apollo tourism and leisure, which has seen regulatory set backs causing the stock to pull-back to pre takeover.

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]