F&N
F&N Breakout from a multi-years resistance. Although prices have advanced from the recent low of $4.69 to $5.17 where one may have thought that it is too late to enter, buy signal from Point & Figure chart has not even show up yet ( in other word, it is still not too late ).
Hopefully there is a throw back ( return move ) after the breakout to allow late comer to buy on dip. Notice the 20 SMA & 40 SMA are splitting and ADX is beginning to trend up from below 20.
Hopefully there is a throw back ( return move ) after the breakout to allow late comer to buy on dip. Notice the 20 SMA & 40 SMA are splitting and ADX is beginning to trend up from below 20.
F&N Point & Figure Chart :
STI Point & Figure Chart update:
Labels: Market Direction, Stock Pick
posted by Market Wizards @ June 23, 2010
Comments: 0
