Sonic healthcare*Bearish sentiment with the sharp zigzag pattern.
*Divergence appeared on the RSI and the MACD which tends to pullback the price
up to the fib level.
*Once it retest the resistance zone, we see the price going further down towards
the leg c of a zigzag.
* Nice double bottom pattern with high volume. We need to see some kind of
bullish confirmation for the entry.
SHL trade ideas
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SHL - June displays a strong historical record - Average Gain 4%Sonic Healthcare Ltd is entering a seasonally positive period. Since 2000, the month of June has been unusually kind to SHL, delivering an average gain of 4%, with a win rate of 20 from 22 events, & a standard deviation of 4.1%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the 'risk' expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
SHL @ 27 SEP 2021Text me if you have any questions/comments for me.
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SHL
- Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Since then, the stock did not recover to around 43 levels
- Instead, the stock closed below the mid-term support last Friday
- In last night’s livestream, I shared that I was still holding the stock and I’m going to risk some of my unrealised gains to see if the stock is capable of an immediate recovery
- Today, it closed above the mid-term resistance by the skin of its teeth
- I’m still concerned by the lack of buying volume returning -> an important criteria that can drive a strong rebound
- A successful rebound will be at 42.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
SHL @ 13 SEP 2021SHL
- Previous analysis was done on 7 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Recent price action has provided a slightly better setup for entry
- A successful rebound to around 42.75 levels would present an opportunity for entry
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
SHL found support and now moving higherSonic healthcare looks like a carbon copy of FPH. Found support at 30 with a morning star candle after falling out of channel. 3 very bullish candles on volume now confirming a return to the channel. Targeting 34.60 area as first taregt however POC for the channel sits at 33 which could create some resistance. Long term target would be the top of channel at 36.50ish. MACD has crossed over and RSI looking good with plenty of room to run. For educational purposes only. Do your own research
SHL - Bearish Trend ConfirmationSHL - Bearish Trend Confirmation Indications:
1. The trend has got weak on the Weekly and Monthly with Bearish Engulfing Candles
2. The price has broken the trendline which is confirmation of a bearish trend
3. The down move was a powerful and impulsive wave
I expect price to retrace on the upside, and I expect price to get weak at or near (Resistance 1 ~ $34.85 level) or (Resistance 2 ~ $36.75 level), where sellers may attempt to dump the stock and form a Lower High. I expect price to get dumped from either of the Resistance Levels. I believe that buying now is Risky. The ideal level and extremely Strong Support Zone is between ~ $26.50 - ~ $27.30, but it is not necessary that price may drop all the way down to these levels. There may be little swings on the way down but will have to see where SHL finds strong support. I would be a confident buyer at that strong support level for a long term position.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Short on Turtle soup new high then reversal
Looks like its bullish run may need some consolidation,
anticipating due to daily candle reversal after GAP to new high failed and old high penetrated.
I may hold this fora week if follows through...
tight stop loss above recent high...this seems like a lower probability, but also low risk trade.
$SHL $SHL.ASX - Double Top , Short term target $26.03SONIC HEALTHCARE LIMITED
Double Top , Short term target $26.03
Sonic Healthcare is one of the world's largest medical diagnostics companies, providing laboratory and radiology services to medical practitioners, hospitals, community health services, and their collective patients.
P/E 22.640
EPS 1.240 AUD
Annual dividend yield Help 3.03
Directors/Senior management
Mr Mark R Compton Non Exec. Chairman
Dr Colin S Goldschmidt Managing Director, CEO, Executive Director
Mr Philip Dubois Executive Director
Mr Christopher Wilks Executive Director, Finance Director
Mr Neville Mitchell Non Exec. Director
Prof. Suzanne Crowe Independent Director
Mr Lou Panaccio Independent Director
Ms Kate D Spargo Independent Director
Dr Jane Wilson Independent Director
Sonic Healthcare Ltd (SHL - Sydney) - WXY wave patternSonic Healthcare Ltd (SHL - Sydney) is moving down in WXY complex pattern, where W and X wave was completed. Wave Y down started with relative high volume as wave 1 of wave A. Price moving in bearish outlook with invalidation points of X wave extreme.
Sonic Healthcare - Ridiculous Growth Ahead or ? .Fundamentally and technically SHL looks a good stock to add to the portfolio. Currently $24 up side of 10% + to $27+. Entry at 200 EMA OR FIB levels after going ex dividend.
On the fundamental side of the equation the latest report was very strong. CEO Colin Goldschmidt said growth is strong particularly in the USA: "I think Sonic is well placed right now for strong growth into the future," "I am especially proud that the revenue of our US business grew 8 per cent organically in the half, which we believe is well above market, driven in part by the success of our hospital laboratory joint ventures and early wins from our billing enhancement system,". CEO'S recent comments also touched on the magnitude of the USA opportunity with no player having more than 5% of the pathology market compared to Australia 76% of the market owned by 2 large players. This makes the USA pathology market a ripe picking ground for SHL acquisitions, said Colin Goldschmidt.
On the Technical side volume is strong. The 50 EMA is finally about to cross above the 200 EMA. Both are turning up with higher highs and higher lows being achieved in 2019. Current price is just above Fibonacci levels from recent low. MACD suggests we may see lower prices, however, this is likely due to SHL just going ex dividend. A good entry may be at the 200EMA or at on of the major Fibonacci retracement levels 50 or 61.8.
Conclusion: I see SHL's fundamentals & technical outlook perfectly aligning. I dont see much downside risk. As a result, IMO, SHL is a high probabilty of testing the high point seen in 2018 ($27) later in 2019.
Let me know what you think of SHL?