Wednesday, August 16, 2006

Trend is important

I was just looking at some of the stocks I have been focusing on and I have come to a realisation.

The shares which have made large gains ( 50% + ) have all been in a nice steady uptrend at the time I bought them. Take a look at Mortgage Choice Limited (MOC) or Alphatechnologies (ASU).

Compare this to those in a downtrend ( but very good fundamentals ) of Brazin Limited (BRZ)and Funtastic Limited (FUN).

From now on the trend will be very important in whether or not to buy the share. The share should be showing an uptrend which is shown by a higher high and a higher low on a chart.

Good Luck

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