Forum Archive Index - October 2001

["paul" <rathel@xtra.co.nz>]

          Although the stock is currently in a downtrend

Nick might be correct in saying there are several leading

 indicators which suggest the stock may be about to

change direction.  The short term stochastic is starting to

look up, short term momentum is positive and the Relative

strength index looks to be showing some divergence.

    Even a short term MACD is showing the stock as a buy

as is the ultimate oscilator.

   I would predict that barring further world disaster 2.40 will

prove to be a bottom for the stock.  Trend followers will

want to wait for a definate uptrend to be established.

personally i would consider anything below 2.50 to be exceptional

buying given the excellent track record and fundamentals

of this stock

 

 Paul