Sharechat Logo

Forum Archive Index - December 2001

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
 

[sharechat] ARL Candle Chart


From: "andrew cottingham" <arco@adinfinitum.co.nz>
Date: Tue, 18 Dec 2001 13:19:36 +1300


Following on from the recently posted WAM chart showing the profitability of using trendline breaks, here’s a stock thats had it’s share  of problems, but may be on the turn. I post this chart to show once again how profitable trend-lines breaks can be. ARL was $3.00 a share in Dec 99, but over the last 2 years has fallen from favour. Currently ARL it is in a gentle up-trending channel. If you look at the chart attached you will see if you purchased after the trend-line was broken on heavy volume (and waited for a 3 day retracement) you could have bought around 24c on 6th or 7th Nov. Recently it has been as high as 40c. (A nice profit in less than a month!).  Trendline breaks can often make money in a short space of time as Phaedrus has shown many times before. (It is always advisable to have a  stop loss in place to protect capital). If you are interested in fundamentals, recently the company have appointed new managers, etc, and are disposing of their loss making divisions. More info at www.austrim.com.au

Andrew

Disc. Currently have some ARL.

ARL 2.gif

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/

 
Messages by Date [ Next by Date: Re: [sharechat] N Z Oil & Gas ryanrite
Previous by Date: Re: [sharechat] WAM Chart andrew cottingham ]
Messages by Thread [ Next by Thread: [sharechat] NZOG and Pan Pacific Petroleum Bob Boas
Previous by Thread: Re: Re: [sharechat] holiday reading Brian & Fiona Brakenridge ]
Post to the Forum [ New message Reply to this message ]