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Hospital

Life Health Care group showing strong upside to R21.39 WARNINGW 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 time. And I don't generally like taking any trades where there are prior gaps. I'd take this trade as a medium probability one.
JSE:LHCLong
by Timonrosso
Mediclinic rare formation showing upside to R135.18 with warningRising 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 break above and head to the next high of the target of R135.18 Or we can expect the price to break down due to bubble fears and the price will drop to the previous low (below the flag pole) at R72.24. My bias is bullish as the technicals are showing upside such as: 7>21>200 MA - Bullish RSI has formed a Falling wedge with an up flagpole. If it breaks up, it will head back to X>70 - Bulllish Target up - R135.18 ABOUT MEDICLINIC Mediclinic (Est. 1983 in SA Stellenbosch) is an international private healthcare services group with operations in South Africa, Switzerland, and the United Arab Emirates (UAE). It's listed on the London Stock Exchange, the Johannesburg Stock Exchange, and the Namibian Stock Exchange. The group has over 77 hospitals and 47 clinics, as well as a number of retail pharmacies and occupational health and wellness services. The company employs over 34,000 people worldwide. Mediclinic's largest shareholder is Remgro Limited, a South African investment company.
MLong
by Timonrosso
APOLLOHOSP is forming triangle patternNSE:APOLLOHOSP Large cap Health care stock is forming triangle pattern with 4 months support line and 9 months resistance line with 4 rejections. Previous support line was broken at 2022-04-29 and fallen 25%, hence this time enter only on strong breakout and follow strict SL. Shorting can be attempted with triangle's support is broken strongly, and SL need to be followed strictly. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
NSE:APOLLOHOSP
by samplespaz