Forum Archive Index - October 2001

["nick" <helmett@xtra.co.nz>]

>        Nuplex is in a new uptrend. This was an interesting turnaround in
that the break of the downward trendline and the start of the new uptrend
both occured on the same day (23/10/01)  Most commonly you get the trendline
break first (end of the downtrend) and then the new uptrend starting a
little later. Note the double/triple bottom pattern - these are often a
basing formation. In this case they show good support at $2.85. A stop-loss
placed just below this level would carry a low risk of being hit.
>          Phaedrus.
>
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