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.
HSO Price Action
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