Technical outlook – It’s been a ‘wacky few months’ for global stock markets and looking like at Z Energy Limited (ZEL), it is assessed ‘technically’ that a bottom has formed from the region of $2.60-70.
At present, Z Energy Limited (ZEL) technical assessment is likely to inspire further bullish activity due to the pattern and signals.
Therefore, as we complete our analysis, we expect traders/investors will likely opt-in at current levels and attempt to lift this share towards the region of $3.80-90. Reassess from there.
Company Overview – Z Energy Limited (ZEL) is a New Zealand company engaged in importing, distributing and selling transport fuel to retail and commercial customers including airlines, trucking companies, mines, shipping companies and vehicle fleet operators.
ZEL’s commercial marketing operations are divided into four main channels: Chemicals, Bitumen Fuels and Health, Safety, Security and the Environment (HSSE). Former Names: Z Energy Limited (ZNZ), 29/03/2016