Certainly walking on the upper Bollinger band, but realistically needs two tops to be a double top.
I think the main issue is that all signs point to NZK having a strong EOFY with a possible very strong expansion set up into Chinese markets, so it is a tightly held stock and unlikely to retrace, probably just shimmy sideways until the annual report.
It's one of those stocks that can look overbought but in reality no one really wants to sell it so buyers have to pay the fare to get on the train
NZK Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
