We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

registration required

or
for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

A share firmly in the picture

I have noticed some very interesting developments from a charting perspective on Bollywood film producer, Eros (EROS: 243p). It's a company I have been following closely, having first highlighted the investment case when the shares were trading at 247p (Movie time, 22 February 2011); reiterated the advice in April ahead of the company's initial public offering (IPO) on the New York Stock Exchange (NYSE) when the shares were at 286.5p (Bolly good show, 23 April 2012); and remained a frustrated buyer, at 200p, six weeks later after Eros pulled its float due to the market turmoil (Unloved and undervalued, 12 June 2012). I last advised buying in mid-November when the shares were hovering around the 200p level with the 14-day relative strength index (RSI) on the floor and close to its lowest level since the end of the last bear market (A problem to solve, 19 November 2012).

registration required

visible-status-Subscription-Only story-url-A SHARE FIRMLY IN THE PICTURE_IC_SIMON THOMPSON_140113.xml

By Simon Thompson,
15 January 2013

Print this article
Comments

Simon Thompson

Simon has managed the IC's company coverage for a decade. He's also the creator of the market-beating Bargain Portfolio, an influential stock-picker and the author of Trading Secrets: 20 hard and fast rules to beat the market.

IC columnists

Simon Thompson

Simon Thompson

Winning stock and trading ideas from the creator of the Bargain Portfolio

The Trader

The Trader

Technical analysis and market calls from our in-house charting expert

Mr Bearbull

Mr Bearbull

Sound advice on running portfolios from an experienced commentator

Smart Money

Smart Money

Practical advice to help you plan your future

Chris Dillow

Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

Property Matters

Property Matters

Comment on the ups and downs of property investments, with a particular focus on the perennially popular world of buy to let

The Editor

The Editor

Commentary on markets, world affairs and everything to do with investing

Chronic Investor Blog

Chronic Investor Blog

Our light-hearted take on the world of investing

Advertiser reports

Register today and get...

Register today and get...
Please note terms & conditions apply