Inv 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....
W Formation since Sep 2022. It's been moving in a sideways range without any promising direction. Then in February we had a breakaway gap. This is where the price jumped from the sideways range into an uptrend. And most sellers and stop losses were hit. This showed strong upside to come. 7>21>200 RSI>50 Target R21.39 WARNING Gaps like to close 70% of the...
Life Healthcare has tested the overbought line. There is now a high volume rejection and the downtrend can be expected to continue. This is confirmed by negative divergence in the volume RSI and a downward trending relative strength to the Top40.
After a high volume selling climax (SC), we have seen an automatic rally (AR) back to the previous trading range in the downtrend. Now we can expect the price to range at these levels until a new cause has been built. The spring occurred short of the oversold line indicating some strength. We will watch how the trading range develops to see if this is possibly an...
JSE:LHC has just broken out of a ascending triangle that it has been forming since mid November last year. Because of this I have entered a long position. An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along...
Life Healthcare Group Holdings Ltd has retraced to the .61 fib level, and is showing bullish divergence. This is a monthly chart, therefor this is quite a long term idea.
A short technical note from our Unum Trading Desk analyst, Lester Davids. "On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share . A...