Over the past 3 weeks, the daily price action on Mediclinic looked positive, and it looked like a break to the upside was coming; but alas, the 50 day moving average capped further gains.
If the trend is indeed your friend, I'm going with the trend, and I'm calling a 'Short' around current levels (R56/R57).
A breach of the 50dma will be my signal to get out; R48 is my TP target.
If the trend is indeed your friend, I'm going with the trend, and I'm calling a 'Short' around current levels (R56/R57).
A breach of the 50dma will be my signal to get out; R48 is my TP target.
I'm currently monitoring for a possible re-entry.