Possible Trade FGL
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Category: Market Discussion
Forum Name: Stock Chat
Forum Discription: Discussion about stocks and markets.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=222
Printed Date: 17 May 2024 at 3:52pm
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com
Topic: Possible Trade FGL
Posted By: Decan_Frost
Subject: Possible Trade FGL
Date Posted: 30 May 2005 at 9:06pm
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I,m no financial advisor and as such all content should be viewed with that in mind!. Feel this one is self explanitary.But my view for all those who differ,would be to short with looking for support at bottom blue line. Good luck,looking for any positive or negitive feed back.
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Replies:
Posted By: Owen
Date Posted: 31 May 2005 at 4:54pm
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I also saw FGL's horizontal channel, but I couldn't persuade myself to go short, because: 1. Bollinger's volatility breakout sytem gave a buy signal last week. 2. The takeover is almost complete, so a breakout at this time makes sense. 3. One of the directors bought 35000 shares @ 5.28 recently. |
Posted By: Decan_Frost
Date Posted: 02 Jun 2005 at 9:18am
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Thanx Owen for correcting me on this one. I agree with all you,ve stated above and i,m sure with time the chart will back you accordingly. Been on holidays and only returned a few days ago.....little hasty perhaps with analysis!. Thanx Ash!
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