SHL – Sonic Healthcare Limited

Stock : SHL – Sonic Healthcare Limited

Current Price : 22.63

New Buy Entry Trigger Level : 22.80

Potential Sell Exit Zone : 22.20

Status : On watch for Buy Entry Trigger

SHL has great price structure and is in prime position to make a run for the highs. Price recently pushed through resistance at 22.40 up to 23.72 and then sellers have pushed price back down to the breakout zone. We can see that it has taken a bit of effort from the sellers to get price down which has been soaked up by buyers at a potential higher low. Watching now for continuation higher through 22.80. If price pushes lower through 22.20 prior to entry then we will re-assess the price action.