What’s Happening to the Share Price of Amalgamated Holdings Ltd?

What’s Happening to the Share Price of Amalgamated Holdings Ltd?

What does Amalgamated Holdings do?

Amalgamated Holdings Ltd [ASX:AHD] is a tourism, entertainment and hospitality business. Its businesses include cinema chains, hotel chains, the operation of the Thredbo ski resort, and the State Theatre and Featherdale Wildlife Park in Sydney. The group also has extensive property interests.

That’s interesting, but what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the weekly chart of AHD.


Source: STEX

Trend looks to be up.

What now for AHD shares?

The last significant announcement was the half yearly report released in mid-February. One could expect that the company may announce improved earnings for the second half of the financial year. Let’s wait and see.

Cinemas, theatres, hotels and resorts; the chart is suggesting people are spending.

Many retailers, including automotive retailers, are making new highs presently. This is telling you something about the economy in general. You can get more knowledge on reading the economy through the charts here.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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