Sonic Healthcare SHL has been trading in an up trend over the past ten months, which remains technically intact

Livewire Equities

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)


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