APS Chemicals (APY) is building a base around $1.00 after a heavy sell off from the Asian crisis effect. Any attempted rallies have run into a wall of sellers taking advantage of slight rises to sell; confirmed by the On Balance Volume indicator showing more volume on downside moves since Oct '98.

From October the weekly RSI has shown divergence from the price. Note the heavy end of financial year selling; cursor highlighted volume. That has the hallmarks of a final bottom proceeding a change in trend.

If combining with fundamentals, 7 1/2% yield, P/E of 11 and dividend cover of 1.18 times earnings, these are not demanding. The Net Asset Backing for APY is $1.30 so buying at present, you are effectively buying $1.30's value for $1.08 - assuming the Balance Sheet values are in order.

This is how a chart formation can help timing your investment in reasonable fundamentals. Note how you did not have to even consider buying this stock whilst price was below the 20 week moving average.