##{"id":56477,"date":"2010-04-13T11:41:54","date_gmt":"2010-04-13T01:41:54","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/04\/13\/nufarm-heading-south-warns-techwizard\/"},"modified":"2010-04-13T11:41:54","modified_gmt":"2010-04-13T01:41:54","slug":"nufarm-heading-south-warns-techwizard","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/04\/13\/nufarm-heading-south-warns-techwizard\/","title":{"rendered":"Nufarm Heading South, Warns TechWizard"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tIt&#039;s not like shareholders in agri-company Nufarm ((NUF)) have had lots to smile about over the year past or so, but if the TechWizard&#039;s view is anything to go by, there&#039;s as yet no sustainable improvement on the horizon.<\/p>\n<p>\n\tThe TechWizard reports it increasingly looks like Nufarm shares are heading for a test of the December 2008 low. According to his observation, overall momentum remains negative and is building up. This should virtually guarantee lower price levels in the future.<\/p>\n<p>\n\tTo complete the technical picture, the Wizard reports the MACD indicator is bearish. Add the fact that most stockbrokers retain a negative view as well and it is not difficult to see why Nufarm shareholders won&#039;t be happy chappies anytime soon.<\/p>\n<p>\n\tA break below the $7.20 price level would be very bearish, reports the Wizard, in particular if it is achieved on a weekly closing basis.<\/p>\n<p>\n\tThe Wizard has a target range of $6.25-$5.25 for the shares. He is currently not a shareholder in the company.<\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/NUF.jpg\" style=\"width: 680px;height: 342px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The direction for Nufarm shares remains south, maintains the TechWizard.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[32],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56477"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56477"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56477\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}