FPH - Fisher Paykel Healthcare.

[alokdhir]

if i did that everyone would front run me lol , but i note most times in past fph has bounced back for day or 2 from big dip

So maybe till $ 31 or little shorter !!

[alokdhir]

Attachment 12550
Unless I am mistaken that's a fairly clear head and shoulders pattern. GLTAH.

So whats your prognosis from TA side ??

[winner69]

How to piss broker analysts off in one easy lesson (as reported by Business Desk) -

At one point an analyst asked if Gradon could provide guidance for the June quarter and whether it would be up, down or sideways.

"I think it will be up, down or sideways, it will be one of those three," Gradon said, although he went on to say that the first quarter of the current year could be similar to the final quarter of the 2021 financial year.

[winner69]

Same article guru Mark from Craig’s said "There was a drop-off in the run rate (hospital sales). . I think that's the crux of it," said Mark Lister, head of wealth research at Craigs Investment Partners.

Talk of soft patch in sales. Inventory, declining margins and higher expenses in F22 not good .............. echos of A2

[Beagle]

So whats your prognosis from TA side ??

https://www.investopedia.com/terms/h/head-shoulders.asp

[alokdhir]

Same article guru Mark from Craig’s said "There was a drop-off in the run rate (hospital sales). . I think that's the crux of it," said Mark Lister, head of wealth research at Craigs Investment Partners.

Talk of soft patch in sales. Inventory, declining margins and higher expenses in F22 not good .............. echos of A2

ATM biggest trouble was dependence on a single unreliable market ...China ...also being served majorly thru an equally unreliable daigou route ...no one knew how dependent they were on this channel alone ...not only for delivery but for publicity also .

Doesn't look like we have these problems here .

[bull....]

So maybe till $ 31 or little shorter !!

like i said pattern has been a bounce from big drop most times includes from todays low. pick your profit level. i never try to be greedy if that helps on bounce trades. no pattern always works of course

[alokdhir]

https://www.investopedia.com/terms/h/head-shoulders.asp

So u saying its trend reversal pattern ?? As per that FPH now in downtrend if it breaks neckline ...is $ 27 ??

[winner69]

Maybe the market didn’t like the $29m staff bonus bit?

That’s about what they missed cOnsensus forecast by

Mind you I’m glad the staff got a decent bonus .....should have been more

[alokdhir]

like i said pattern has been a bounce from big drop most times includes from todays low. pick your profit level. i never try to be greedy if that helps on bounce trades. no pattern always works of course

Thanks !! $ 33 to $ 28 = $ 5 ...50% bounce till $ 30.50 !! How is that ?? seems ok to u ??