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Futuris FCL

Chart Forum » Stocks - ASX: long term & fundamental » Futuris FCL

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dug
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Username: dug

Post Number: 2791
Registered: 07-2005

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Thursday, January 17, 2008 - 01:54 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Suppose it's the Drought breaking or maybe FCL's dominance in the Fish Market[See Aquaculture thread Long Term]but FCL isn't going thru some sub prime Mortgage Correction.

Of course,Futuris owns Elders THE dominant Agriculture Supply Company and I reckon that it's Chart shows a Break Out and possibly FCL is for making a ALL TIME HIGH.
Now one could go Gee it's just a Range Trade but one would have to be pretty Fundamentally Dumb not to look at it's chart,ponder WHAT Futuris DOES and not at least speculate that maybe it's Time has Come.
ie it Could put on 50%.

Anyhow,anyone holding or watching this?Anyone got some Opinion/Facts about it to Counter or Concur the possibilities I'm reckoning?

10 year


Close Up


Anyone able to put some Definitive Weinstein Stage Two Set-Ups for this?
Does anyone follow shares anymore? or are ya all Afeared.
Happy Trading.








Even 'til Jaded.

Dig for the sake of it.

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lucky_phil
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Username: lucky_phil

Post Number: 150
Registered: 06-2006

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Wednesday, January 06, 2010 - 07:44 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Futuris changed its name to Elders and has just completed a 10 for 1 consolidation. Appears to have some support at $1.46 and firming. closed today at $1.69 just short of 30DMA at $1.72. Has divested many of its non core activities and restored its balance sheet so I have taken a position today as a long term hold in my super a/c.
The plan is to wait until the gap above $2.55 - $3.90 is filled! Probably won't be plain sailing tho'



Regards
Phil


Whoa you know you can't spend what you ain't got,
you can't lose what you ain't never had - McKinley Morganfield

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