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JSE:LHC Life Healthcare Continuing on its Downward Stride

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LIFE HEALTHC GRP HLDGS LTD (JSE:LHC)  
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JSE:LHC   LIFE HEALTHC GRP HLDGS LTD
Support and Resistance Supply and Demand Trend Lines jse jselhc wyckoff
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supportandresistance supplyanddemand trendline jse jselhc wyckoff
Life Healthcare has been trading in a well defined downward stride. After a selling climax in April 2017 LHC formed a redistribution trading range (TR). This range tested the supply line of the stride and has now broken the TR and we have seen a backup (BU) to test the TR. After not being able to break back into the TR we can expect the markdown to continue.

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