We have what is apparently an interesting mix in terms of the technicals on the daily share price chart of Fusionex International (FXI) of late with a combination of both a choppy range between the 300p – 400p level since the autumn of last year. But what does this now mean for the shares?
Last year’s exhaustion gap reversal for Fusionex International (FXI) was certainly a big event technically. It can be seen from the daily chart that the shares then took the best part of 6 months to stabilise this year after putting in a floor towards 250p in the autumn.
At the last minute free speech denying broker Charles Stanley, (Nomad to POS companies such as Tungsten and Coms) forced the world’s top tech analyst Kevin Ashton not to speak at UK Investor. Luckily I have his notes sent to me earlier in the week and so here is why I think FusionEx (FXI) is such a stonking sell at 332.5p. Kevin was said to describe it as “one of the most overvalued stocks in the UK.”







