FBU Chart.

[percy]

Haha! Sorry for the confusion lads. Yes, chur is really a colloquialism for cheers (which its self a colloquialism, no?). It's often in New Zealand a word assosiated with the dialect of the working class and I have heard it used frequently among house painters, plumbers, and the boys at Fulton Hogan (all of which I have worked along side). Again, I appologise for any confusion it may have caused you.

Chur,
Nosolution

Enjoyed the diversion.
chur

[ratkin]

Heres an update
Attachment 3340

[percy]

ratkin,
thank you for the chart.the SP has reached my broker Craig's target price.As you point out being a long term holder I will hold.

[nosolution]

Lots of profit taking towards the end of last week but it seems that fundementaly FBU is still well positioned...wondering if I should buy some more.

[percy]

Lots of profit taking towards the end of last week but it seems that fundementaly FBU is still well positioned...wondering if I should buy some more.

I would hold off.FBU shareprice looks weak.So I think there is more chance of it going down,than going up.ratkin's chart should act as a warning to hold off.

[Hoop]

Lots of profit taking towards the end of last week but it seems that fundementaly FBU is still well positioned...wondering if I should buy some more.

Percy's advice sounds good, ratkins chart shows caution and so does my chart. The sharp uptrend has been broken but that is not a major issue as sharp uptrends don't last long anyway.

[nosolution]

Expecting retracement down to $8.50 or so?

[ratkin]

Im hoping it wont go that low, placed my stop down there so that it wouldnt be hit
Should be plenty of potential buyers around to stop it falling too far. Hoops 8.86 might
be about right, didnt want to put stop there as i felt price could well go back that far
as part of its normal action.
Hoping it has another crack at 9.60 , rather than 8.60

[ratkin]

Looks like we might of reached the bottom of the recent decline. The long lower shadows on last two bars is a positive sign, as is the increase in volume that occurred yesterday
The decline went to 8.95 which is interesting as its the same price that was reached on march the 4th

Attachment 3354

[CJ]

Big day in US today should lift it too. Hopefully it has turned upward.