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Life Health showing recovering finallyInv Head and Shoulders has been anticipated for months. We were just waiting for the right shoulder to form, which it has done. Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit. Price >200 RSI>50 Target R23.78 ABOUT THE COMPANY Life Healthcare Group is a South Africa-based healthcare provider. Origins: Life Healthcare, formerly known as Afrox Healthcare, was established in 1983. It is one of the largest private hospital operators in South Africa. Healthcare Services: Life Healthcare Group operates hospitals, provides acute care, and offers chronic disease management, among other services. It is involved in the entire healthcare spectrum, from wellness to acute interventions to rehabilitation. Global Presence: Apart from South Africa, Life Healthcare has extended its services to other countries such as Poland (through Scanmed) and India (through Max Healthcare). Large Hospital Network: Life Healthcare operates 66 healthcare facilities, including hospitals and day clinics, across South Africa. Employment: Life Healthcare Group is a significant employer, with more than 18,000 employees, contributing substantially to the local economy. Public Trading: Life Healthcare has been listed on the Johannesburg Stock Exchange since 2010.
JSE:LHCLong
by Timonrosso
Life health in good form to R23.78 Inv Head and Shoulders has formed for LHC. We just need the final right shoulder to form, break up and out of the pattern. Then we will see buying take over, driving the price up. Price >200 RSI>50 Target 1 will be R23.78 ABOUT THE COMPANY Life Healthcare is one of the largest private hospital operators in South Africa, providing acute hospital care across 64 facilities. H Establishment: Life Healthcare was established in 1983 and has grown to become a leading provider of private healthcare in South Africa. Global Presence: Apart from South Africa, it also has operations in other countries including Poland, through its subsidiary Scanmed, and in India through Max Healthcare. Service Range: The company offers a wide range of services including acute hospital care, mental health, renal dialysis, occupational health, employee wellness, and chronic disease management. Workforce: The company employs over 18,000 people and had more than 1,600 admitting doctors. Patient-Oriented Approach: Life Healthcare emphasizes a patient-centered approach and is committed to providing quality care to all patients.
JSE:LHCLong
by Timonrosso
Life Health showing downside to R16.23 but with a warning!Inverse Reverse C and H has formed on Life Health. The price did close below the brim level which also happened to be on the 200MA. This is a big test for the company. Once the price breaks below 200MA, there is a high chance of it closing the gap and dropping further. 21>7 Price -200 - Test RSI<50 - lower highs Target R16.23 It is a medium probability trade to take on. ABOUT THE COMPANY Establishment: Life Healthcare Group Holdings Ltd, often simply known as Life Healthcare, is a South Africa-based company that was founded in 1983. Healthcare Provider: Life Healthcare is a leading private hospital operator in South Africa. It offers acute hospital care, acute mental healthcare, renal dialysis, and acute rehabilitation, among other services. International Presence: Life Healthcare has an international footprint and operates in various countries including India through Max Healthcare, and the United Kingdom through Alliance Medical. Expansion into Diagnostic Imaging: Life Healthcare expanded its healthcare offering in 2016 with the acquisition of Alliance Medical, which is a leading independent provider of medical imaging services within Europe.
JSE:LHCShort
by Timonrosso
TARGET REACHED: Life Health struck our target 1 at R21.34 W Formation formed, we then had some high volatility around the price. Luckily, the stop loss would have been below the pattern. The indicators were all showing bullish signs. 7>21>200 RSI>50 Target struck at R21.34 ABOUT THE COMPANY Life Healthcare Group Holdings Limited was founded in 1983 and is headquartered in Johannesburg, South Africa. Life Healthcare is one of the largest private healthcare providers in South Africa, operating 66 hospitals and healthcare facilities across the country. The company employs over 19,000 people and serves over 4 million patients per year. Life Healthcare provides a wide range of medical services, including acute hospital care, mental health services, renal dialysis, and oncology care. Life Healthcare has a partnership with the South African National Blood Service to support blood donation drives and increase awareness about the importance of blood donation.
JSE:LHCLong
by Timonrosso