Below is a weekly chart of Sonic Healthcare Ltd.
SP gave a buy signal recently when it had a breakout above $21.80 - $22.00 resistance with conviction - which is bullish. Trading above both 50w and 200w sma's. A bull-flag looks to have been formed during 2H2Q if SP can continue tp rise.
MACD formed a bullish up cross during early-Q2 with an expanding +ve histogram to mid-Q2. Bullish momentum reduced during late-Q2, however has become more bullish again. Stochastics formed bullish higher-lows since becoming oversold during early-Q2. %K has recently entered the bullish continuation region (81.20). IMO these signals are bullish.
IMO bullish over the next +6mths.
SHL Chart Action
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 (20min delay)
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Last
$26.20 |
Change
0.310(1.20%) |
Mkt cap ! $12.91B | |||
| Open | High | Low | Value | Volume |
| $25.86 | $26.27 | $25.79 | $23.17M | 887.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3120 | $26.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.30 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| SHL (ASX) Chart |
