2015 was good, no?? One in 20.
Jamie Jo is back next year too!! :t_up:
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Nice one Percy
I have drawn a brilliant (i'm biased) chart. Two reasons:..
1 It's in hindsight to what has just happened so its now no bloody use to anyone
2 For TA investors that fail to make a living in Trading and resort to writing textbooks. This chart below is a must for your text book.
However, its very exciting for the Chartists to see the Gap theory operating in practice..and.. the RSI divergences showing the warning is marvelous (that is if you took heed of the warning).
Yep the chart shows a part of TA in it's finest glory... but... the best part, is not the TA but FBU's continued failure to reach the market's expectation..It has failed over and over again to the point that it is becoming a predictable event after each report announcement.
Attachment 14721
Great chart and commentary Hoop
FBU was of Phaedrus’s favourite stocks from a charting perspective. He kept reminding us that the FBU share price followed most TA indicators,
Theres a FBU Chart thread somewhere which showed all how things panned out.
The one you just posted is really cool ….will FBU again do as expected
But don’t forget everybody is raving about it being cheap v it’s OZ peers
Soft landing + National win on the horizon...
Time to back up the truck on FBU?
Thanks Hoop. Confirms the serial underperformer
Thank goodness I've never reinvested since selling it in the late 1980's :(
Sad really ,NZ inc does need to be performing at optimum.
Hoop’s brilliant chart the other day doesn’t bode well for FBU
Since he posted price struggling to get back to 500 plus
Seems that if 490 broken on downside next stop down is 420
Be fascinating how it plays out
But then Jardens have a target of 630 so no worries
Id buy heaps at 420. Good vibes at that level
Cost of doing business has to come down to make reasonable profits for many companies. How far they can pass increased cost to consumers? Not all companies can do this except few.