Read the thread by KW on using technical analysis to time entry and exit points. KW knows her stuff when it comes to combining technical analysis and fundamental analysis.
http://www.sharetrader.co.nz/showthr...ries-and-exits
Using a simple 100 day moving average, (freely available in the charts menu in ANZ securities) clearly shows we are well below the 100 day moving average.
Waiting until there's a clear and confirmed break back through the 100 day moving average line to the upside, (caution this may take weeks, months or even years), makes compelling sense when looking for an entry point in my opinion. If you want to play it really safe, (I strongly recommend you do so with this company), wait until its broken back above its 200 day MA before taking a small stake as part of a well diversified portfolio of other NZX stocks.
Better off using the same technical analysis 100 day MA technique on Ryman in my opinion.