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SHL - Bearish Trend Confirmation Indications: 1. The trend has got weak on the Weekly and Monthly with Bearish Engulfing Candles 2. The price has broken the trendline which is confirmation of a bearish trend 3. The down move was a powerful and impulsive wave I expect price to retrace on the upside, and I expect price to get weak at or near (Resistance 1 ~...
Looks like its bullish run may need some consolidation, anticipating due to daily candle reversal after GAP to new high failed and old high penetrated. I may hold this fora week if follows through... tight stop loss above recent high...this seems like a lower probability, but also low risk trade.
SONIC HEALTHCARE LIMITED Double Top , Short term target $26.03 Sonic Healthcare is one of the world's largest medical diagnostics companies, providing laboratory and radiology services to medical practitioners, hospitals, community health services, and their collective patients. P/E 22.640 EPS 1.240 AUD Annual dividend yield Help 3.03 Directors/Senior...
Looks to be another bullish flag forming in sonics chart. High probabilty trade. They also have decent cv19 tailwinds/fundamentals. Waiting for the break out with bullish candle confirmation.
Sonic Healthcare Ltd (SHL - Sydney) is moving down in WXY complex pattern, where W and X wave was completed. Wave Y down started with relative high volume as wave 1 of wave A. Price moving in bearish outlook with invalidation points of X wave extreme.
strong sector, strong stock, breakout, increasing volume, macd cross, bullish RSI
Fundamentally and technically SHL looks a good stock to add to the portfolio. Currently $24 up side of 10% + to $27+. Entry at 200 EMA OR FIB levels after going ex dividend. On the fundamental side of the equation the latest report was very strong. CEO Colin Goldschmidt said growth is strong particularly in the USA: "I think Sonic is well placed right now for...