F&N, IndoAgri
F&N
System buy signal ( green arrow ) surfaced several days ago but I did not pay attention and missed the big move:
System buy signal ( green arrow ) surfaced several days ago but I did not pay attention and missed the big move:
However, Point & Figure shows bearish resistance trend line penetrated by two successive double-top** buy signals. Thus, entry for long term investment is never too late. Be sure to only buy on dip though because 1) it has risen so sharply, profit taking is inevitable 2) the box size is $0.25 with 3 box reversal ( ie: any pull back lesser than $0.75 won't be shown ).
** Note the '-' I use. This is different from the 'double top' ( without '-' ) in classical line, bar or candlestick chart pattern. The latter has bearish implication but the former ( double-top ) is a P&F buy signal.
** Note the '-' I use. This is different from the 'double top' ( without '-' ) in classical line, bar or candlestick chart pattern. The latter has bearish implication but the former ( double-top ) is a P&F buy signal.
IndoAgri :
Awaiting for it to break $2.37 before propelling higher!
Labels: Stock Pick
posted by Market Wizards @ April 05, 2010
Comments: 0
