Forum Archive Index - June 2002

["Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>]

Phaedrus

 

I appreciate Gerry's comments and agree that a lot is asked of you. I'm again asking for your comments here but hopefully illustrating that I'm willing to put some effort into my questions and not asking for a free lunch.

 

Would you please comment on my chart from a medium and long term perspective? I find WAM to be approaching an interesting point. I'm looking at it from a long-term perspective. Fundamentally I like the company and I want to top-up. I'm looking to see if this is an occasion where the charts can help me decide if this is close enough to the bottom and there is a good chance that sentiment toward the company is changing and the trend upwards looks like it might be sustained.

 

First question. Is it a fluke that the price broke through long-term downtrend at the same price where the

short-term uptrend was confirmed with a higher low on June 5 at $2.86?

 

Second question. From a long-term perspective should I wait until the price breaks strong (psychological) resistence at $2.99 or is the trend confirmation at $2.86 enough?

 

Third question. Which do you consider a more relevent indicator, the short-term uptrend breaking through resistance level of $2.99 or a further higher low on the long-term uptrend line?

 

TIA

Brian

WAM002.gif

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