AIR - Air NZ.

[Beagle]

I really liked what JK had to say about the company. He has plenty of money and doesn't need to work for anyone so if the following statement and accepting the invitation to join the board isn't an endorsement of the caliber of the company I don't know what would be better !

Air New Zealand is an incredible company that has significant opportunities
ahead of it and I look forward to working with the Board, Chief Executive
Officer and his Executive team to see it fulfil its potential,"

Mr Key says.

[Xerof]

Should now reclaim $3++ mark, as it's just completed an INVERSE HEAD AND SHOULDERS formation.
IMO
DYOR

I won't talk too much about the previous H&S formation breakdown at $2.75 as some chose to argue the point, saying it's TA voodoo

AIR have stolen a march getting Key on their board - good work team

[Raz]

AIR
01/05/2017 16:15
DIRECTOR
NOT PRICE SENSITIVE
REL: 1615 HRS Air New Zealand Limited (NS)

DIRECTOR: AIR: RT HON JOHN KEY JOINING THE BOARD OF AIR NEW ZEALAND



Excellent appointment in my view. Not usually a fan of ex politicians being appointed to boards of companies but happy to make an exception in this case.

Yes... personally did not rate him as pm however his connections should be useful to AIR. Smart move.

[winner69]

Should now reclaim $3++ mark, as it's just completed an INVERSE HEAD AND SHOULDERS formation.
IMO
DYOR

I won't talk too much about the previous H&S formation breakdown at $2.75 as some chose to argue the point, saying it's TA voodoo

AIR have stolen a march getting Key on their board - good work team

Do H&S patterns form pony tails .......now Johnny on board have to don't they?

[Baa_Baa]

I won't talk too much about the previous H&S formation breakdown at $2.75 as some chose to argue the point, saying it's TA voodoo

Even the besotted FA's have turned to using TA as well, it's a miracle. Phaedrus would be beside himself, bless him, let alone his disciples, some of which are still here.

[peat]

Even the besotted FA's have turned to using TA as well, it's a miracle. Phaedrus would be beside himself, bless him, let alone his disciples, some of which are still here.

i think you'll find that Xerof has been exploring the cosmic realm of harmonics and even studying Lepidoptra for quite some time now

[Baa_Baa]

i think you'll find that Xerof has been exploring the cosmic realm of harmonics and even studying Lepidoptra for quite some time now

Possibly true peat, only Xerof can say though, but let's not diminish the profound shift from the devout FA's to actually incorporating some TA into their analysis. It is frankly an astounding shift, but anyone who subscribes to a TA point of view will be impressed, even though the analysis is pretty basic it is still helpful. I hope it continues, certainly better that the FA vs TA debate that has raged on an off for over 15 years! Lol.

[peat]

Possibly true peat, only Xerof can say though, but let's not diminish the profound shift from the devout FA's to actually incorporating some TA into their analysis. It is frankly an astounding shift, but anyone who subscribes to a TA point of view will be impressed, even though the analysis is pretty basic it is still helpful. I hope it continues, certainly better that the FA vs TA debate that has raged on an off for over 15 years! Lol.

quote from 2005 where Xerof spots a Gartley
http://www.sharetrader.co.nz/showthr...ll=1#post50426

so thats about 12 years...

back to AIR tho
in fact his $3.00 target is based on a 78.2% retracement from the 2016 high.
AIR.JPG

[Beagle]

Should now reclaim $3++ mark, as it's just completed an INVERSE HEAD AND SHOULDERS formation.
IMO
DYOR

I won't talk too much about the previous H&S formation breakdown at $2.75 as some chose to argue the point, saying it's TA voodoo

AIR have stolen a march getting Key on their board - good work team

Its very strange how we don't hear the usual deluge of negativism these days isn't it and none of the TA guys seem to be commenting now the pattern is stronger.
Well done to all holders who held through the absolute tsunami of negativism in late 2016 and who have seen the SP recover ~ 50% plus dividend since October 2016.
I am very reluctant to call $3 again but worth noting that the stock currently trades on a 2017 forecast PE at 32 cps of 8.15 compared to a 10 year average of about 11.
I think we all now know that nobody can tell us what part of the cycle we are in. I think they're a fantastic dividend yield hold over the next five years with plenty of potential for special divvies toward the latter part of that time horizon (as they complete their very thorough fleet modernization program in FY19), in addition to the annual expected normal ~ 20 cps fully imputed divvies. What's fair value ?... I will leave for others to pontificate over, I am holding for long term dividend income.

Do H&S patterns form pony tails .......now Johnny on board have to don't they?

LOL good one mate. Doubt your pony tail goes down to $1.50 anytime soon
Hope you're enjoying your holiday.

[Beagle]

Yes... personally did not rate him as pm however his connections should be useful to AIR. Smart move.

Market seems to agree with the consensus view on here.