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NETCARE LIMITEDNETCARE LIMITEDNETCARE LIMITED

NETCARE LIMITED

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NTC trade ideas

$JSENTC - Netcare: What Goes Down, Must Come UpThe hospital sector has found the going tough over the last 7 years. Even covid did not bring much in terms of good fortunate as in other sectors. Fundamentals are always critical but technical and cyclical analysis paints a bullish picture for the stock. The decline from the 2015 all time high has unfolded in a textbook (A)(B)(C) zigzag pattern with both the (A) and (C) waves being complex impulses. The critical level to hold is R11,30 and should be the stop-loss level used for long positions opened at current levels.
JSE:NTCLong
by Loyiso_BlaqueSoros_Mpeta
NTCPublished in the last few minutes to our client platform. "Speculative trading opportunity with the price trading at the bottom it's year-to-date range while also testing the lower boundary of it's 40-day Bollinger Band. The 7 and 14-day RSI is at 10 and 26 respectively (extremely oversold in the ultra short term). Preferred at current levels or slightly lower. Expecting support around current levels with base to potentially develop, before a short term reversal." TRADING LEVELS: Entry: 1408c Target: 1496c Stop-loss: 1364c For more research, including trade ideas, get in touch today.
JSE:NTCLong
by techpers
Pairs Trade Idea: Buy NTC/Sell LHCTime Frame: Ultra short Term - looking for a reversion to the mean. - Has retraced more than 0.618% of it's recent upward move, from upper boundary of Bollinger Band to below the mean. - 5-day performance gap has widened, with NTC underperforming LHC (-6.98% vs 0.13%). - The 5-day correlation is negative vs a 0.69% correlation over 21 days and a 70% correlation over 250 days. - 7-day RSI at 17, suggesting the price in oversold territory. Suggested Levels: - Entry Range: 0.06385 to 0.6416 - Stop: 0.6330 - Target: 0.6700 - Current Ratio: 0.6407 A successful pair trade can be realized 1 of 3 ways: The long position rises while the short position falls The long position rises faster than the short position rises The short position falls faster than the long position falls. For more real-time insights and trade ideas, or if you're considering at alternative trading services provider, get in touch today.
JSE:NTC
by LD_Perspectives
Netcare LtdNTC Monthly Chart From an equity portfolio perspective, South African hospital stocks have been out of favour for an extended period however short and medium term opportunities have arisen in both Q1 and Q2, with both Life Healthcare and related-sector stock, Aspen Pharmacare as flagged as buy/longs during the period. Reviewing the monthly chart of Netcare Ltd, we note the price having found multi-month support from March 2020 to January 2021 at the prior demand zone (Aug 2011 to February 2012). Further motivation for a possible long term change of trend is the price emerging from the downward channel (trend line extending back to May 2018) while also attempting to trade above the long term demand/supply zone. We also note that despite being below the zero bound, the MACD has developed a crossover while the monthly RSI is just above the 50 level and pointing high. The potential long term trend change is early but possibly worth noting from an equity portfolio perspective. This comment was originally published on our client platform earlier today. Also published this morning via our client platform: Technical views on Sasol, Absa, S&P 500 Futures and FTSE 100 Index For more real-time insights and ideas, get in touch today.
JSE:NTC
by LD_Perspectives
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