OBR
Short

10 year bear flag breaks down

NZX:FBU   FLETCHER BUILDING NPV
Huge momentum to the downside now on news of lower profit forecast.

How low will this eventually go? Bear flag says 0. The double bottom of 1.65 seems likely.

This company owns so much of NZ construction... What on earth happened during the last 9 golden years in NZ?
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