Life Health Care was presenting a simple Head and Shoulders with a usual drop for a short.
The price started off well then went to the entry.
Wake up and not only did it go past R15.96 target...
The market opened aty R10.80 exceeding our expectations and profits. It's these trades that we absolutely love and can't help but get excited when things go...
Inverse Reverse C and H has formed on Life Health.
The price did close below the brim level which also happened to be on the 200MA.
This is a big test for the company.
Once the price breaks below 200MA, there is a high chance of it closing the gap and dropping further.
21>7
Price -200 - Test
RSI<50 - lower highs
Target R16.23
It is a medium probability trade...
