Sonic Healthcare SHL has been trading in an up trend over the past ten months, which remains technically intact
Livewire Equities
Livewire
Sonic Healthcare SHL has been trading in an up trend over the past ten months, which remains technically intact. Recent price action decisively broke above resistance of $16.32, confirming an ascending triangle. The pattern has bullish implications and suggests that higher prices are likely to unfold over the medium term. The potential upside price target is $17.27. Any weakness in the short term would provide a good buying opportunity. (Source: @morgans Violeta Todorova via (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
1 topic
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets
