HSO 0.00% $2.46 healthscope limited.

HSO Price Action

  1. 601 Posts.
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    Below is a weekly chart of Healthscope Ltd (HSO).

    There was a recent buy signal when PA had a breakout above $2.67 resistance area with some conviction.
    Price is trading above the 50w sma trading at its highest level since November last year. The next area for resistance is the $2.88 - $2.92 region.
    MACD had a bullish up-cross during March and has since had an expanding +ve histogram. The histogram is at its highest level (0.037) since the UC, and actually, for the last 18mths.
    Stochastics bullish higher lows have been formed >20 during the MACD up-cross. Currently close to entering the bullish continuation region.

    IMO bullish over the next 6 - 12mths.

    20160429_HSOW.jpg
 
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Currently unlisted public company.

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