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BigBoss88
Nov 27, 2020 10:04 AM

Netcare Falling triangle Long

NETCARE LIMITEDJSE

Description

Like other Healthcare shares in South Africa we see Netcare reaching close to 2020 lows.
On the higher TF global trend we see a falling wedge as well.
However at 1215 there is a strong resistance.
So I have gone long here targeting the falling resistance line in bold. From there we can reassess.

Note that we need patience into 2021 for this to play out.

Thoughts?
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