update chart (last chart post 24th July)
Rallied off a low point 108c (is it bottom?) to be at 115c up 2c at time of posting.
HNZ still in downtrend and trying to regain status back into the downtrending channel.
One buy signal triggered on medium term daily chart.. breaking 112c resistance (one swallow doesn't make a summer).
MACD crossing today (buy signal in the margin of error)
DMI closing but haven't crossed.
117c Resistance is a hurdle then all the EMA's +119c resistance........A lot of work still to be done before risk is lowered and mass buy signals
Still a terrible chart but looking a lot better than it was as most indicators have fired buy signals on the very short term hourly chart (not shown)... Short term moves do not always signal a medium or long term move.
http://i458.photobucket.com/albums/q...NZ18082015.png
Loan Impairments - A Realistic Perspective
Quote:
Originally Posted by
Harvey Specter
Impairments increased by $6m so if the economy had stayed strong for an extra couple of months you could have been right. Will those impairments be realised or will they supercharge next years profits when they reverse??
Agreed. But Far more likely they'll simply be reallocated against a different section of the loan book...you know where...