rick, P&F charts essentially takes the time out of the charts and considers only rises and falls of a predetermined magnitude (6 cents in the case of the chart below) allowing us to look for patterns and trends. You will find a few topics about them if you do a search. The two OKN charts below are for the same time frame.
Announced to market this morning that Oakton has received an offer from Dimension Data to enter into a scheme implementation agreement for Oakton with Dimension Data offering $1.90/share. The offer was recommended to shareholders unanimously by the board. Price shot up to $1.88/share the last time I checked (this morning).
On November 26th, 2014, Oakton Limited (OKN) was removed from the ASX's official list following the acquisition of the Company by Dimension Data Australia Pty Ltd.