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