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Al
Not using anything other than simplistic charting techniques, I would agree
with your assessment of AHP being a buy. Just working with breakouts looks
like you should be long at around $45 around mid-Sep.
Again, I don't follow individual stocks, but this buy looked like a slam
dunk.
Regards,
Guy
Fax (630) 604-1589
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Al Taglavore
Sent: Friday, October 22, 1999 12:18 PM
To: MetaStock List Group
Subject: channel breakout ahead
In keeping with a recent post of Steve and Guy, I would call the chart
pattern of AHP to the attention of any that may be interested. It appears
that the April to Sep downtrend has ended and a bottom was reached at
38.05. I entered on what I deemed the up move from a 2c wave at 46.10 on
10-18.
Though the stock is in the upper 1/3 of the uptrend channel, support
appears at 48.10.
I have a position, and added to it today. Not recommending anything other
than perhaps some would like to review the chart.
Al Taglavore
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