Forum Archive Index - May 2004
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[sharechat] HRB Chart
Ruth,
Sack your dealers. Supplement your fundamental analysis with some
technical analysis. Trust your feminine intuition - and act on it.
HRB was in a downtrend for 3 months. This downtrend ended 2 weeks ago when a
new uptrend began. From a technical perspective, this is very basic stuff -
most any trend indicator flagged a buy signal weeks ago. I have plotted a few
examples here for you :-
(1) Trendline
(2) Exponential moving average
(3) Momentum Oscillator
(4) Directional Movement Indicator
Buy/Sell signals generated are marked with green and red arrowheads. Observe
the close correlation between the signals from these 4 very different
indicators. Note how well they flagged the start and finish of the last HRB
uptrend. See how clearly they flagged the start of the current uptrend.
What are your dealers waiting for - someone to ring a bell? It's not too late
- buy on Tuesday (US holiday Monday). The world needs more impatient women. I
think.
Regards,
Phaedrus.
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