Adcock Ingram is looking to erect to R89.25

Cup and Handle has formed on the healthcare stock.

We saw a strong pattern form and break above, This is in relation to the JSE Top 40 rally since America cut interest rates.

It's also a high probabiliity trade
Price>20 and 200MA

My first target is at R89.25
adcockALSIChart PatternsFundamental AnalysishealthcarejsesouthafricaTrend Analysis

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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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