Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: XOsDaWAY2GO who wrote (162)	1/28/1998 4:20:00 PM
From: Ms. X	Read Replies (4) \| Respond to of 34811

Hi Barbara, RE: FMC FMC is in the chemical sector which has fallen to the 44% level from the 70% level. The 40% level seems to be where this sector bottoms out. FMC is still trading below its bearish resistance line. Its last signal was a double top buy signal at 68. It has since pulled back to the 63 area. The daily and weekly momentums are positive but the relative strength is very weak. If you want to initiate a position you could do so here but I would put a stop at 59. Two double bottom breaks, the last being the bottom of all support. I might even elect a stop at 61, the first bottom break. We would call initiating positions here a bottom fish play and for traders only. Best of luck.