tag:blogger.com,1999:blog-3686764185628666543.post6827605723427876559..comments2023-10-10T03:26:30.831+13:00Comments on Share Investor: Stock of the Week - Reprise: Telecom NZ LtdShare Investorhttp://www.blogger.com/profile/02150520236094812434noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3686764185628666543.post-82983709905468454482010-02-09T21:04:07.200+13:002010-02-09T21:04:07.200+13:00I have got to say and I aint a chart man(fundament...I have got to say and I aint a chart man(fundamentals and bad news are driving this stock down) If you look at this share over the year it has broken out of its "comfortable" trading range of between the mid to lower 2 buck level up to the $2.50 and above and could test that $2.25 level before Friday depending on DOW action this week and their poor result indicated earlier this week and coming out Friday.<br /><br />Time to be patient.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-90721732889415491382010-02-09T08:18:02.574+13:002010-02-09T08:18:02.574+13:00http://finviz.com/quote.ashx?t=NZT&ty=c&ta...http://finviz.com/quote.ashx?t=NZT&ty=c&ta=0&p=m<br /><br />Currently $7.96 and a low of $5.07<br /><br />I have no idea where it will go. As I mentioned, doing Technical analysis itself is an art not a science, but then doing it on a second derivative (due to NZD fluctuations) is even worse.<br /><br />The NZT chart is not something I would be trying to catch a bottom on, as it looks like I would be trying to catch a falling knife. I value my hands too much.<br /><br />The TEL chart, you should at least wait to see if it forms a double bottom on higher volume. It does not look like anyone is accumulating this one.SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-32698775299667046912010-02-09T07:59:40.857+13:002010-02-09T07:59:40.857+13:00Indeed it does trade in the US. What is its curren...Indeed it does trade in the US. What is its current price?<br /><br />Falling knife? You think it is due for a trip below its $2.25 low? That is of course possible and even I would be interested closer to 2 bucks.<br /><br />News out this Friday on profit wont be good so another opportunity could exist there.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-14021415504277796602010-02-09T07:45:45.863+13:002010-02-09T07:45:45.863+13:00Don;t forget that TEL also trades on the NYSE as N...Don;t forget that TEL also trades on the NYSE as NZT, and that in USD terms the stock is not at an all time low.<br /><br />These dual listed stocks in volatile currencies make it hard to do technical analysis. But looks like a falling knife.SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.com