THE main thing here is on a 6mth graph each high is higher than the last and each low is higher than the last, so the stock is going up slowly, its gone up a gazzilion % in the last year , it's now maturing.
With All due respect..... How can it be a 6 Month graph, when FCM just started trading LAST MONTH ?
The chart you are showing is a 60 minute chart since FCM began trading.... AND all is telling me is DOWN.
Besides.... there is not enough history on FMC alone to start making determinations..... Unless you look at the old FTEL.... Which then... it continues to show the typical FTEL history... Spike up..... grueling down trend afterwards... until the next spike.
In any event, please do not start the Wild Eyed Quasimodo speculation of former Absurd Glory.... The fact is that FMC has not been able to mount CONSISTENT UPWARD STAMINA. Your comparison to AOL is well... never mind.
I admit, that I thought that the acceptance by the AMEX to trade the new FMC, would give the needed punch.... but the record shows that such does not seem to be the case. It can barely stay above $3.00.
REGARDLESS of other considerations.
So as I said, your chart can not tell the story.... and certainly it DOES NOT show an up trend.
You want to see what an up trend looks like....
iqc.com
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As I have said before, the chart (a reflection of the market's opinion), is the final judge, and it appears.... there is something that the market is not liking... what is it? I really do not know....
And as I have said before.... it becomes a matter of opportunity cost... there are faster burros and mules to get home.
And this burro, is NOT a Formula 1, more like a VW bug, with Tango Syndrome... you know, one step forward... two step back... That's why its T/A is more like Tango Argentino.... rather than Technical Analysis.
No love letters please.... just look at your charts, and place your bets accordingly. I just wanted to point out....er... the obvious.
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The above is NOT a recommendation, is only my opinion. |
