*Bearish sentiment with the sharp zigzag pattern.
*Divergence appeared on the RSI and the MACD which tends to pullback the price
up to the fib level.
*Once it retest the resistance zone, we see the price going further down towards
the leg c of a zigzag.
* Nice double bottom pattern with high volume. We need to see some kind of
bullish confirmation for the...
Sonic Healthcare Ltd is entering a seasonally positive period. Since 2000, the month of June has been unusually kind to SHL, delivering an average gain of 4%, with a win rate of 20 from 22 events, & a standard deviation of 4.1%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past...
Text me if you have any questions/comments for me.
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SHL
- Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Since then, the stock did not recover to around 43 levels
- Instead, the stock closed below the mid-term support last Friday
- In last night’s livestream, I shared that I...
SHL
- Previous analysis was done on 7 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Recent price action has provided a slightly better setup for entry
- A successful rebound to around 42.75 levels would present an opportunity for entry
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful...
Sonic healthcare looks like a carbon copy of FPH. Found support at 30 with a morning star candle after falling out of channel. 3 very bullish candles on volume now confirming a return to the channel. Targeting 34.60 area as first taregt however POC for the channel sits at 33 which could create some resistance. Long term target would be the top of channel at...
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.
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 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...
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.
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...
