Other thing that could be affecting the SP (incl the market in general) is that 7 April is a big tax payment date, (2014 terminal tax) for many people.
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Other thing that could be affecting the SP (incl the market in general) is that 7 April is a big tax payment date, (2014 terminal tax) for many people.
Weird that Heartland didn't even get 30 respondents in that Consumer survey
Would have been a bit of good publicity if nothing else
Maybe Maori don't subscribe to Consumer?
For believers in HNZ, the chart says good buying. If it went to $1.25, which it might at $1.28 close today, I'll certainly stump up some more $, that's good support. For the chartists who don't like gaps, if it closed the gap to $1.20-$1.18 I'll buy more. These buy-in opportunities are gifts. It only depends on whether you're in this for the short game or the long game.
Attachment 7249
BAA
Winner, if you take into account the parentage of Heartland, the traditional owners of their liabilities are Marac debenture holders, Building Society depositors, and, err, I forget what the third bit was. What I'm sayin' is they aren't your 'Main Street' banking customers, who have a cheque account, mortgage and credit card. What this has to do with who would answer a survey by Consumer Mag, I have no idea, and have just realised that I have lost my train of thought on why I am even commenting :scared: Hopefully, you get my drift
BAA, I agree with JtH, plenty of sell signals on your chart, but if I was to suggest any buying level, I would be a little patient and look for the GAP to be closed, so 1.18 would be it (for me). That level is also a previous resistance, and will now provide good support. Plan B in the event 1.18 is not seen would be to enter on a close above your down-sloping red line, which would represent a bullish breakout of the "falling wedge", or perhaps, a 'flag'. A few more days will clarify things I feel.
As you say, in the long run, whats 10 cents in the scheme of things.......HTH
Hey no worries Winner, and no offence taken either. HNZ imho is a long game. If I'd wanted to sell I would have exited the re-entry to the Linear Regression Channel that you posted some few days ago (not on my daily chart, but it is on my weekly chart). The multiple daily 'sell signals' have past. The longs who got the collywobbles would've sold the 50EMA breakdown at least. Anyone holding now should be looking to either leverage the price advantage (as Xerof says, what's 10c in the scheme of things) or reconsider their reasoning for ignoring the sell signals, i.e. they're long but wondering why they didn't do anything about it and possibly shouldn't be in it. JMHO folks.
Here's the weekly chart if you like. It's still above my fav 14EMA but $1.18 is solid support if the johnny come lately's lose the faith. Now that would be a buy, or anything under it. If it crumbled to the 40week EMA or worse the 60week EMA, I'd guess by then only the faithful would be left holding, and probably bought everyone exiting on the way down as well. Who knows really? If you're not long I'm talking past you.
BAA
BaaBaa you said '...reconsider their reasoning for ignoring the sell signals'
As I said earlier its a case of 'I see nothink'
I'm in love with HNZ
Yes I did say that didn't I. Sometimes I wonder whether it would be better to not have posted the charts, or made some bold statements, but I didn't make up the chart, the market did. We are still very early in the HNZ story and I hope we will look back on this and have a good laugh about how we worried about a healthy correction in the SP but took the opportunity to bolster our positions.
cheers, BAA
There has been a lot of "noise" in the past two years about Heartland, both on the charts, and here on sharetrader.You could say;"after all said and done.there has been more said, than done."
However, the share price just keeps above the increasing 200 day EMA.
The best indicator of where Heartland is heading is Heartland's reports and presentations,BECAUSE Heartland achieve what they say they will do.!!!!
The latest report is the most bullish I have seen from Heartland.Why, you may ask your self.???
It is because Heartland know what they want to achieve, and they know how they are going to achieve it!
So the only "noise" worth listening to, is the "noise" Heartland make themselves.!!!
Done some playing around with financial numbers, in particular net interest margins (NIM)
Looks like H115 NIM down a marginal 0.2% points at most.
Nothing to worry about and it's all onwards and upwards in a noisy world from here.
Fundamentally $1.60 by next ASM but in the mean time re current share price I see nothink