Could SHL become the new CSL?

by Michael Gable

SHL is respecting a trend line that has been in place for about 16 – 17 years now. Having spent the last 5 years falling back to it, we can see that it has broken out of this smaller 5 year downtrend and now appears ready to rally again. Much of this is due to the weakening Australian dollar. We saw CSL start to rally again 18 months ago after consolidating during the GFC, and potentially we could see SHL do the same. I don’t expect SHL to double in price by the end of next year like CSL did, but I can see levels well over $20 being a strong possibility over the next several months. As always, the eventual move up will be more powerful if the preceding consolidation has been going on for a long period of time, so SHL has a very good chance of consistently outperforming here.


Disclaimer: Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.

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