FGL – Fosters Group

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code: Company Name: Sector: Size: Confirmed Trend:
 

FGL

  

Foster’s Group Ltd

  

Food Beverage & Tobacco

  

ASX Top 20

 

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Commentary:

Although Foster’s Group has got a ridiculous amount of trend line resistance and support surrounding it, I have to confirm its up trend as it has made two closes above the steeper down trend line in July 2009.

A cautious investor would wait for the trend line resistance to pass, at $5.80.

Two closes below the up trend line – currently around $5.20, would signal that the up trend was wrong.

Click the chart below to enlarge:

 

Previous Trend Changes:

Nil

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February 4, 2010  Tags: , , , ,   Posted in: Research On Australian Stock Trends

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