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Lifehealth

UPDATE: Life Health Care exceeded our targets big timeLife Health Care was presenting a simple Head and Shoulders with a usual drop for a short. The price started off well then went to the entry. Wake up and not only did it go past R15.96 target... The market opened aty R10.80 exceeding our expectations and profits. It's these trades that we absolutely love and can't help but get excited when things go extraordinary to our favour. Now there is a W Formation and the price has broken up. So looking at a Medium Probability setup, we can expect the price to head to R14.29.
JSE:LHCLong
by Timonrosso
Life Health showing downside to R16.23 but with a warning!Inverse Reverse C and H has formed on Life Health. The price did close below the brim level which also happened to be on the 200MA. This is a big test for the company. Once the price breaks below 200MA, there is a high chance of it closing the gap and dropping further. 21>7 Price -200 - Test RSI<50 - lower highs Target R16.23 It is a medium probability trade to take on. ABOUT THE COMPANY Establishment: Life Healthcare Group Holdings Ltd, often simply known as Life Healthcare, is a South Africa-based company that was founded in 1983. Healthcare Provider: Life Healthcare is a leading private hospital operator in South Africa. It offers acute hospital care, acute mental healthcare, renal dialysis, and acute rehabilitation, among other services. International Presence: Life Healthcare has an international footprint and operates in various countries including India through Max Healthcare, and the United Kingdom through Alliance Medical. Expansion into Diagnostic Imaging: Life Healthcare expanded its healthcare offering in 2016 with the acquisition of Alliance Medical, which is a leading independent provider of medical imaging services within Europe.
JSE:LHCShort
by Timonrosso