NHF:ASXNeat trade on NHF:ASX which I placed late this afteroon. Good Risk reward and a number of factors providing confluence for a move to circa $7.50
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About NIB HOLDINGS LIMITED
Sector
Finance
Industry
Multi-Line Insurance
CEO
Mark Anthony Fitzgibbon
Website
nib.com.au
Headquarters
Newcastle
Founded
1952
ISIN
AU000000NHF0
NIB Holdings Ltd. engages in the provision of health and medical insurance. It operates through the following segments: Australian Residents Health Insurance, New Zealand Residents Health Insurance, International (Inbound) Health Insurance, and Travel. The Australian Residents Health Insurance segment offers product within the Australian private health insurance industry. The New Zealand Residents Health Insurance segment comprises product for the New Zealand private health insurance industry. The International (Inbound) Health Insurance segment includes health insurance products for international students and workers. The Travel segment refers to distribution of travel insurance products. The company was founded in 1952 and is headquartered in Newcastle, Australia.
NHF Long after it broke out after consolidationEntry: 6.46
Stop loss: 6.18
Went long in the counter after it broke out after consolidating for a while.
Would have preferred a higher volume to go with the break out to lend conviction.
NHF short H&Sbreak of neckline for H&S top
price action below all three moving averages
initial target 3.91
final target 3.16
NIB Health Insurance $NHFNIB $NHF
$NHF is painting a bearish flag right now. We might see lower prices.
I see correction to $5.25 or even $5.00 if $5.25 does not hold.
NHF / ASX - Daily Price is currently at median line and support NHF / ASX - Daily Price is currently at median line and support and positive divergence is forming, if the support breaks might provides a short opportunity and we may see $5.65 is next stop.
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