Originally Posted by
Maxtrade
Since SP has been lower than 0.52 the relative volume sales have been very low. Indicators showing there has not been strong selling pressure at all below this level. Even amongst Omicron declines, and general stock markets being considerably lower. Slow grind, low vol has been squeezing SP to where it currently is, curve flattening. Even at 0.52 only $88k sitting on market. A lot of investors who bought in at 0.52 seem happy to ride the wave out and not feel pressured to sell off, in turn likely SP will find its dip, flatten, followed by uptrend rally over CR.
Aged care, retirement villages are still a solid option for investors, pleanty more of us boomers yet to go on the waiting lists. Growth in this sector in NZ and AUS still yet to peak.