Below is a weekly chart of Healthscope Ltd (HSO). Since the...

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

Since the recent breakout above $2.67 resistance area - SP continues to reach new YTD highs. However was recently rejected at the $2.88 - $2.92 resistance area. Momentum has this level being taken out shortly with next areas of resistance in the low 3's. $3.05, $3.10 and $3.15.

Since MACD had a bullish up-cross during March, the histogram has continued to expand and is currently at its highest level (0.049) since the up-cross. Since Stochastics bullish higher lows were formed >20 during Feb/Mar, Stochastics %K recently entered the bullish continuation region (83.72). All of these are bullish signals.

IMO bullish over the next 6 - 12mths.