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Mediclinc International Plc - An Early Bullish Signal

By LD_Perspectives
Mediclinc International Plc (5776c): While the price is often the first thing that catches our attention, this time the RSI stands out as an early indicator of potentially bullish activity. At current levels it is the highest (55) since October 2018 (when the price closed at 8900c) and while we do not advise traders to pre-empt a move, taking one's cue from an early signal may at times prove profitable. For conservative traders, a break and close above 6000c sets up 6500c followed by 7200c while applying a stop-loss of 5670c.

JSE:MEI
LSE:MDC
Chart PatternsTechnical IndicatorsTrend Analysis
LD_Perspectives

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