Forum Archive Index - June 2003
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[sharechat] THL Chart
Tony,
Although THL is still technically in an uptrend, it gave a trendline break
sell signal on 25/6/03 and a Chande Momentum Oscillator sell signal on 26/6/03,
These two indicators have given very reliable signals in the past. Price action
is well above the slower, more conservative 50 and 100 day moving averages such
as would be used by less active traders.
Another logical exit point would be when/if THL goes into a downtrend - this
would require a Close of $1.11 or less (making a lower low after a lower high).
Phaedrus.
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