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.