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[sharechat] Frucor

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Wed, 23 May 2001 23:22:40 -0700 (PDT)

This stock has been (and continues to be) the focus of much comment, angst and speculation on Sharechat.
From a technical point of view, the situation could not be simpler. A very nice uptrend started about 1/3/01, and progressed quite nicely until 11/4/01 when a run of sell signals began. (RSI, MACD and Money Flow Index) The Polarised Fractal Efficiency flagged the end of the trend on 2/5/01. On 4/5/01 prices breached the Parabolic SAR, and the trendline (see chart) Everything was screaming Sell.
All this may be too technical for some, but all you really had to do was draw a straight support line on the chart, and sell when prices dropped below it. Trends don't come much cleaner and simpler than this.
Phaedrus.

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