$JSENTC - Netcare: What Goes Down, Must Come Up
The hospital sector has found the going tough over the last 7 years.
Even covid did not bring much in terms of good fortunate as in other sectors.
Fundamentals are always critical but technical and cyclical analysis paints a bullish picture for the stock.
The decline from the 2015 all time high has unfolded in a textbook (A)(B)(C) zigzag pattern with both the (A) and (C) waves being complex impulses.
The critical level to hold is R11,30 and should be the stop-loss level used for long positions opened at current levels.
Even covid did not bring much in terms of good fortunate as in other sectors.
Fundamentals are always critical but technical and cyclical analysis paints a bullish picture for the stock.
The decline from the 2015 all time high has unfolded in a textbook (A)(B)(C) zigzag pattern with both the (A) and (C) waves being complex impulses.
The critical level to hold is R11,30 and should be the stop-loss level used for long positions opened at current levels.
