The Elite group in the NZ50
Yes true no uptrend lasts forever.....however atm the sun is shining on MFT because it is above the cloud cover on its chart..in other words its in blue sky territory, above all its previous high points, therefore has no resistance levels only support levels.
This blue sky area is the envy of all stocks...to be where only a few have been before.
My Incredible chart program goes back only 8 years but during this time period only two** other stocks in the NZ50 at this moment are are soaring above the clouds in blue sky with MFT.
They are Ebos (EBO) and Port of Tauranga (POT)
If these stocks are not already in your portfolio you would have to question yourself why not...hmm?
Disc don't have EBOS POT :mellow::mellow::confused::confused::(:(
but have MFT :D
EDIT
** ANO... doesn't count
This is all getting VERY SILLY
One wonders if some idiot is going to have a go at the $10 barrier.
I am completely out of NZ wine - the last bottle of a rather nice Chardonnay disappeared mid week.
However I do have a passable Shiraz and a few bottles of Sav Cab & Merlot from a fantastic winery in the Yarra Valley.
So that and some raisin bread could well be on the menu this evening.
best wishes
Paper Tiger