FBU Chart.

[Phaedrus]

This is a new FBU chart thread, just in case the other one never makes it across from the old forum. Here is the first post, update to follow.

Posted - 05/12/2003 : 10:00:15 AM Fletcher Building has been in an uptrend for years, has good fundamentals and a good yield, all of which makes it an excellent "buy and hold" candidate. In addition, its secondary trends are very tradeable. Technical analysis provides an excellent means of timing your entry into stocks such as this.
The chart below shows the longterm uptrend, with secondary "medium term" trendline-break trading signals marked with red and green arrows.
At the top of the chart are plots of 2 oscillators - the Relative Strength Index, using the MetaStock default period of 14 days, and the Williams'%R oscillator, using a period of 90 days instead of the default value of 14 days. This "detunes" the oscillator, makes it less sensitive and markedly reduces the number of Buy/Sell signals generated. Note how every one of the Buy signals generated by either of these oscillators marked an excellent entry point into this stock, as did the medium-term trendline break buy signals.
Notice how the most profitable buying opportunities occur when the signals from 2 or more of these 3 systems coincide.

[scamper]

well done, yet again. currently up 1.1%.
and judging by the 'read' for your post, it is the market talking, not readers of the guru on this forum.
scamper's home again, and freezing...

[Phaedrus]

This is simply an update of the first chart. The primary purpose here was to identify good entry points for those wanting to buy or add to their holdings. See how indicators that worked well for that purpose many years ago are still working well. Note that while FBU has now reached "OverSold" levels, there are no Buy signals yet. These are triggered when the oscillator(s) rise above the threshold, from below.
Charts like this help to put the current weakness into perspective. Bloodbath? Meltdown? Carnage? Blood on the floor? Nah - it's business as usual. Get a grip!

[Phaedrus]

This chart shows a wide assortment of long-term trend indicators. You can see from these that technically, FBU is still in a longterm uptrend, and is currently no weaker than it has been half a dozen or more times over the years. You can see, too, that long-term holders of this stock have at times had to withstand drops of up to 25%, if they wished to continue holding. If this is more volatility than you are ready, willing or able to withstand, you have two alternatives. One is to get out of the sharemarket altogether. The other is to trade the stock. This would, of course, require a different set of indicators and a different mindset. The bottom line here being that if you are unable to beat "buying and holding" FBU, then you are wasting your time.
People often claim that TA is only useful for trading and is quite unsuitable for the longer term. This chart gives the lie to that. TA got you into this stock over 6 years ago in early 2001 - and has kept you in ever since. It will continue to keep you in, so long as the uptrend continues.

[nissan]

Thanks Phaedrus for putting those charts on sharetrader also for your thoughts on the questions I asked you in my e-mail to you. I have decided to hold in the meantime It is a great company - that has not changed . It is just the world around it that has. With super funds looking for a place to invest in it must be high on the list for them. I am not buying - but waiting and watching with a bit of spare cash .Any ideas where to put it?

[Phaedrus]

In your pocket!

[Viking]

I like that, Phaedurs~ what better place to put your cash~

Though with little extra cash for saving~ I will be placing on this one~ perhaps in your next update, Master Phaedrus~

Though CEO J. Ling did gave clear statement about next year's profitability expect to be much lower than this year. But I do think with their expansion plan in place, this is bit like putting money in a mortgage to grow your net worth. Besides, FBU has always been quite conservative in their forecast, guess mr. Ling has inherit that from Mr. Walters~ :P

Be intrict to see how next week would be for FBU. Though I am also watching closely Re ASX.UGL I put these two in same categlory in my portfolio~ I do think UGL, like FBU, has the ability to ride out this stormy days~ but that is just my thought.

[AMR]

Thank you for answering all my questions in a single post there. I suppose it is like all other chart patterns and indicators out there- 60-80% reliable.

[Footsie]

thanks LIZ.... i've been looking for a charting site like that for a while

[Jay]

Thanks Phaedrus for you time and effort in educationg a lot of us. Pleae keep it coming, we really appreciate the efforts you put in.
While we may not all agree with you partly or entirely, I find it very hepful.