Yes it's brave of me to make such a claim where forevermore we can all look at my words and laugh as the share price rockets! haha.
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Definitely looks like some insto buying going on with a few of these big trades over the last couple of days. Looks like JTH was spot on with his prediction of price increases through the week.
$2.75, first target reached. Next in line $3 and beyond...
http://nzx-prod-s7fsd7f98s.s3-websit...267/365950.pdf
acc doing some selling.
I have been hoping ACC was the outfit that has been providing the bulk of the sell volume. They will just be reweighting after the large price rise late last year. Once they've finished there should be a lack of sell volume.
An insight into Sky
Blue Sky Thinking
Sky TV New Zealand’s Head of Corporate Core discusses how data integrity has helped the company respond to the changing needs of its customers and successfully move into new, innovative services.
https://www.ft.com/partnercontent/pr...m_content=paid
Rounded up a close of 2.60 on ASX. We may see it inch closer to 3 mark here soon..
A strong US market overnight should have all the ducks in a row to get that resistance break today.
The most bullish broker (a firm renowned for M&A activity) has a valuation on SKT of above $4.00.
Highest PT is $4.71 according to :
https://www.marketscreener.com/quote...839/consensus/
4 brokers have BUY recommendation, one has HOLD and one (presumably the one with a $1.70 PT) has SELL.
SKT is a NZ50 index stock - institutions cannot risk being underweight the stock now that it is going up and up.
Looking positive for the resistance break, but as with the last few days depth very thin until institutional buying comes in starting around lunch time.