healthcare sector 3 year comparison graph, page-7

If you want to capture the major trends then look at the weekly Chart. Ascending triangle that commenced in Jan 2010 remains in tact. It has tested the rising lower trend line 5 times, and the upper resistance of 10.5c 3 times.

The best formations tend to break to the upside about 2/3 - 3/4 into the pattern, meaning we may be due for this to occur at any time. Ascending triangles that break upon completion tend to yield false unsustainable brreakouts. I think we are in the sweet spot.

The fact we have held this consolidaiton pattern for over 2 years bodes well, which means any break up could be powerful and sustainable. It doesnt have to be like that so risk remains, but in my experience the odds are in our favour. Its over to Geoff to provide the fundamental impetus for the break (deals), technicals are all there ready to go.

All IMHO only

Good luck to holders.