Forum Archive Index - March 2003

[Phaedrus <Phaedrus@techemail.com>]

Allan,
      RBD is in an accelerating downtrend. The original red downward trendline 
has become obsolete. I presume you want to monitor this stock with a view to 
buying at some time in the future. I would suggest that you could use a simple 
150 day moving average, and/or the magenta trendline to gauge price action.
 I am not sure how actively you wish to trade, and it may be that these two 
indicators are too conservative for you, in which case look to draw a new 
(presumably steeper) trendline taking in the peak of the next upward corrective 
move. Alternatively, you could use a shorter term moving average.
    Regards,
              Phaedrus.

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