XMD 0.47% 10,302 s&p/asx midcap 50

Healthscope, HSO TA wise, both Monthly chart and Weekly chart...

  1. 1,751 Posts.
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    Healthscope, HSO

    TA wise, both Monthly chart and Weekly chart are currently pointing down. I couldn't enter a stock looking like that.

    You'll have presumably seen the long-term line of support in the low $2's. That needs to prove it can hold first, then some sign of an uptrend form such as a Higher Low at least on the weekly chart before entry.

    I'd prefer to wait and pay a higher price for more certainty than entering now.
 
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