Long
NMC healthcare - a recession proof business ?
i have always like healthcare business for simple reasons, everyone needs it at one point or the other in their lives. The blessed one enter twice - birth and the last day , others much more depending on their conditions. And with advanced healthcare and better income, people now can enjoy better food quality and their longevity is also increased as well, creating an ageing society in many countries like Japan, Singapore now.
Surely the Chandlers brothers would know something about the promising business or future direction of NMC for them to raise their stakes despite the attack by Muddy Waters.
Anyway, I would be monitoring this in my watch list and see how it will perform in the coming weeks. Please note that it is still within the bearish trend line and if it does break out as indicated on the chart, it is at best a correction of sort.
However, this correction at below 1000 and if it could rise up to 2200 which is the trend line , that would be a 1000 profits.
Of course, there is the possibility that it might heads south and goes below 1000 towards the 400+ level. So, do calculate your risk carefully before clicking the buy button.
Surely the Chandlers brothers would know something about the promising business or future direction of NMC for them to raise their stakes despite the attack by Muddy Waters.
Anyway, I would be monitoring this in my watch list and see how it will perform in the coming weeks. Please note that it is still within the bearish trend line and if it does break out as indicated on the chart, it is at best a correction of sort.
However, this correction at below 1000 and if it could rise up to 2200 which is the trend line , that would be a 1000 profits.
Of course, there is the possibility that it might heads south and goes below 1000 towards the 400+ level. So, do calculate your risk carefully before clicking the buy button.
Note
It has now closed above the support turned resistance line. Let's wait a while more for confirmation candles before buying.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.