Bullish divergence on 21-day Twiggs Money Flow on the NZ50 Index signals buying support. Breakout above 3300 is possible, but the primary down-trend is unlikely to change, given the state of global markets.
* Target calculation: 3100 – ( 3300 – 3100 ) = 2900
Colin, I’ve been following the NZ50 for awhile now, but can’t find any products to trade it – ETF, CFD etc. Got any ideas?
The iShares MSCI New Zealand Investable Market Index Fund (ENZL_us) may be your best bet. Here is an overview from The Street. Regards, Colin