Looks like we're about 3 cents away from a breech of the 180 day MA...one more reduction in the dairy auction price.
lower dairy price, but higher HNZ price. Go figure.
Maybe dairy has not been the driver for HNZ price declines. Maybe it is simply a lack of buying demand after everyone got their full in the Quadrant sell-down?
This happened to AIR after the Government sell down as well.
BUT if you look at the weekly chart,hnz is still in a longterm upwards channel, The more recent downtrend has not quite touched the bottom boundary of that channel.
It is more important to see what is happening on the weekly chart,for your longer term comfort.Dailys for timing.
Do they mention if there's been much uptake for school fee loans? That's another niche market they promoted a while ago
Winner, to answer your post from over on the don't dis Our favorite airline thread, the HNZ gap might not get filled. Needs a higher high at the moment
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