Forum Archive Index - February 2002
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[sharechat] WHS Chart Update
Fundamental analysts seem to be somewhat divided as to the true worth of WHS.
Some think this stock is overvalued at current levels. A competent fundamental
analyst, whose views I respect, suggests a current valuation of around $5.50.
Technically, the situation is fairly clear. For about 4 months WHS has been
striking resistance at $6.80 - $6.85, and failing to breach it. It has now
closed below its medium-term trendline, generating a Sell signal.
The long-term trend is still up, and long-term holders of WHS may choose to
ignore this medium-term Sell signal.
Phaedrus.
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