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techpers
Nov 17, 2023 5:45 AM

LHC 

LIFE HEALTHC GRP HLDGS LTDJSE

Description

Friday 17-November-2023, 06h30 Life Healthcare (LHC, 1756c) Yesterday the share sold off sharply (-7.56%) on the back of it's results. Technically, here are two items to note: (1) the gap created on 15 February is close to be filled and (2) the Tactical Trading Guide for both the short and medium term time frames state the following: "Reward-to-risk becoming attractive for a buy/long position". It's possible that the share continues to weak however it may be worth keeping in mind the two aforementioned factors for a potential bullish reversal trade. I'm placing this name on my watchlist.
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