Well what a move with this stock. It's first worth revisiting the original
web posting at
Australian Hospital Oct 2000.
This just
goes to prove the value of using the charts to determine your trading
strategies.
It was evident to us back in October that this stock was about
to break upwards, hence the listing. I have drawn a horizontal line to show
you where the break out level was.
As it turned out Mayne Nickless has made
a very public offer to take over Australian Hospital Care, now in front of
the ACCC.
Again, to us, this sort of thing is determinable simply by
following the charts and looking for your patterns and break outs and trend
identification.
Finally looks like the stock has come close to our original
target of $1.50.