The Faraj List of Exploding Stocks Part 3.04 (FAR3)
napoleon 14th - Wed, 29 Dec 04 :
Inv. - Gave your ACS a quick scan.
Fundies might be nice, allegedly, but....
Taken as is, the 5 year chart shows a rising trend at a slow pace.
Support from July '01, Oct '02 & Mar '03 lows.
Resistance from April '02 & Dec '03 highs.
The support doesn't look too healthy, as it has been breached, and the next S, as Cat says, is 19p.
Charts are strong on direction, and ACS's direction needs to change first IMHO.
Obviously it's worth a place on a watch list, but it's not on my buy list yet. ISAable is an attraction.
MEG has OK fundies, and yet we had to sit thru' that testing previous S before bouncing, half-heartedly I might add.
