Forum Archive Index - August 2002
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[sharechat] FPH Chart
FPH triggered multiple buy signals last Monday (5/8/02) giving an entry at
$8.70. The same day also gave a higher high after a higher low, marking the
beginning of an uptrend. The 40 day ema began rising as well, for the first
time in over six months. The volume (not shown) has been rising with the price,
lending strength to the uptrend.
This chart is a good illustration of an oscillator (W%R) being used more as a
trend indicator by means of increasing its period to reduce the number of
signals.
The fundamentals do not look too shabby either, see latest results
:-http://www.sharechat.co.nz/news/scnews/article.php/7b57a960
FPH has been rising steadily for two weeks now, with some good news being
released to the public yesterday.
Phaedrus.
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