Filter Broker Picks for very basic technical analysis
Quote:
Originally Posted by
greater fool
? = inconclusive signal based on simple 100 day MA, i.e. in my opinion its too close to 100 day MA to give any sort of reliable indicator
First N.Z. FPH, CEN, SML, XRO and TGH all fail and all trading below their 100 day MA.
Forbar - CBL looks okay for a TA perspective as does THL, (hold), FPH, see above, EVO ?, IFT, NO, (what a shocker !).
Vulcan Capital PEB, yes, PIL yes, Tru Test , no, Turners yes, (hold) N.Z. Salmon, ticker code, thanks Percy, too young for reliable TA.
JB Were Fonterra yes, Evolve ?, FPH No, MFT yes, CEN, no.
Craigs CEN no, Fonterra yes, Gentrack ?[ MFT yes, RBD no
Hamilton Hinden Green Rym no, GNE no, FPH no, Chorous and Opus Int Consultants ?
Hobson Wealth Management FPH no, MFT yes, RBD no, Trustpower no, Vista group no
MSL Capital Markets AIA no, Green Cross Health no, Heartland ? Plexure no, Synlait no.
So there's a simple 100 day MA filter run over the broker picks.
Highlighted stocks are ones I will look further into as possible acquisitions in 2017 based on meeting or possibly meeting basic 100 day MA, not currently held and are not obviously disqualified for other reasons I'm currently aware of in terms of my own personal investment criteria.
Please DYOR.