Cup and Handle formed on Mediclinic and has broken above the brim. We also have a consistent uptrend form of a RIsing Wedge. We see a break above it, there'll be a ton of upside we can take advantage with. 7>21>200 Target R124.33
Rising Wedge has formed with upside. This is a rare formation. Reason why it's a wedge and not a pennant is because the formation is bigger than 1 month. Above is a Rising Wedge in an uptrend. This is one of the rare formations where the price makes higher lows and higher highs - but within a consolidation after a big move up. We can either expect the price to...
The stochastic turned up through the 20 line back on the 9th of Nov and it took a while, but the MACD and EMA's are now showing the sign for upward movement too. If triggered, we could potentially see a move all the way up to the highs last seen in May 2018.
From a technical point of view we have found support, as well as, dynamic support on the 100EMA. We also have a channel that has been respected to the upside. Fundamentally hospitals are catching up on selective surgeries post pandemic. Break of pre-pandemic stock value could see a sustained rally to the upside. This all depends on sentiment, as well as, how well...
MEI is breaking above yellow line. Its a nice clean break, however there is a trending decline in volume, since the start of the year. Perhaps this is a sign not to buy long, but rather observe.
Buy Mediclinic (MDC.L) Mediclinic International plc (Mediclinic) is an international private healthcare services provider. Mediclinic is focused on providing acute-care, specialist-orientated, multi-disciplinary healthcare services. M arket Cap: £2.7Billion Mediclinic broke above resistance at 374p back on the 17th October 2019. The momentum did not continue...
JSE:MEI is showing a bearish engulfing at an established resistance level. If it confirms by going lower than yesterday's candle I will consider a short.