Ashtead (AHT) - The recovery continues

ASHTEAD GRP. OR (AHT) - Dec 31, 2003. Close: 15.35





Positive Candidate (Medium term) - Dec 31, 2003
Has risen 514% since the bottom on 13 Mar 2003 at 2.50. Is within an approximate horizontal trend, which indicates further development in the same direction. Is moving within a rectangle formation between support at 14.65 and resistance at 16.61. A decisive break through one of these levels indicates the new direction for the stock. The stock is testing the support at p 15.00. This should give a positive reaction, but a downward breakthrough of p 15.00 means a negative signal. High risk with an average difference between the lowest and the highest price of the month of 94%.