Agree with recent comments that it looks a bit dodgy and could test 50.00 again.
So have placed a stop loss at 53.50 and this may become another "freeze" trade for a while.
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A totally irrelevant view of markets, life, the universe and everything in between.
About Me
- Kiwi Trader
- This blog is about sharing my market trades, as it helps the decision making to write about it first. It will be a bit of market analysis, a bit of trading, a lot of blonde watching, and if I get time, a bit of an opinion on stuff topical at the time....
4 comments:
Almost ready to buy man. Just need another 150 pips or so and I'll get in again with an initial position, adding at 44xx and possibly again below 40xx.
> dudes, on a massive upswing of confidence in New Zealand, I bought NZ share stock in March, well now its Ok except i bought Fisher and Paykel, and I think that I can recuperate losses on Fisher and Paykel [ bought in at 55 cents now 45 cents] what do you think<
F & P should be OK in the long run, but will struggle in the short term with the lack of demand from consumers. They are still battling to get offshore operations running smoothly. The lower NZD will help, as will the lower interest rates.
Depends on your time horizon, but may well become a long term hold.
LT
Good to hear...I can't hold the NZD/JPY up on my own!!
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