Life Healthcare (LHC) is a major player in the healthcare sector, listed on the JSE, operating private hospitals, day clinics, and healthcare services across South Africa, the UK, and Western Europe. The company is strategically shifting from traditional hospitals to day-clinics and non-acute services, and broadening its customer base beyond those covered by...
Life Healthcare, as the second-largest healthcare company listed on the Johannesburg Stock Exchange (JSE), operates an extensive network of private hospitals, same-day clinics, surgeries, and healthcare companies across South Africa, the UK (through Alliance Medical), and Western Europe. The company's strategic direction, as outlined by outgoing CEO Shrey Viranna,...
Medium term view. Buy at current levels or better/lower. The group has announced the fulfilment of conditions precedent in respect of it's disposal of it's interest in Alliance Medical Group, which could unlock value for shareholders. Technically, we recently saw a price gap being closed, with a base subsequently having developed. The share could develop a minor...
Life Healthcare (LHC) is the second-largest, JSE main-board listed, healthcare company with private hospitals, same-day clinics and surgeries and healthcare companies in South Africa, the UK (alliance Medical) and Western Europe. The out-going CEO, Shrey Viranna, says that the group is trying to diversify away from conventional hospitals more towards day-clinics...
Friday 17-November-2023, 06h30 Life Healthcare (LHC, 1756c) Yesterday the share sold off sharply (-7.56%) on the back of it's results. Technically, here are two items to note: (1) the gap created on 15 February is close to be filled and (2) the Tactical Trading Guide for both the short and medium term time frames state the following: "Reward-to-risk becoming...
Life Health Care has broken out of a rising wedge today, also a possible cup and handle. Moving averages have crossed over on the daily and monthly charts. Stochastic has crossed on the weekly chart.
A chart from today's report (zoomed in slightly vs the one in my report). For more research insights, including trade ideas, get in touch today.
LIFE HEALTHCARE (LHC, 2130c) | Daily Chart | Monday, 31 July 2023 (Pre-Market) | The share is trading just below it’s 52-week high, having absorbed the multi-month overhead supply. Preceding the short term advance, was...
Inv Head and Shoulders has been anticipated for months.
We were just waiting for the right shoulder to form, which it has done.
Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit.
Price >200
RSI>50
Target R23.78
ABOUT THE COMPANY
Life Healthcare Group is a South Africa-based healthcare provider....
Inv Head and Shoulders has formed for LHC.
We just need the final right shoulder to form, break up and out of the pattern.
Then we will see buying take over, driving the price up.
Price >200
RSI>50
Target 1 will be R23.78
ABOUT THE COMPANY
Life Healthcare is one of the largest private hospital operators in South Africa, providing acute hospital care across...
A price action above 2000 supports a bullish trend direction.
Further bullish confirmation for a break above 2100.
The target price is set at 2200 (the upper range of the linear regression channel pattern).
The stop-loss price is set at 1900.
Remains above its 200-day simple moving average.
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...
This is one of the handful of stocks that is holding trend and above all the important moving averages on the JSE .
Needs to break out of the flag pattern to ignite a new upward rally. Bulls are safe while the 20ema stays intact.
W Formation formed, we then had some high volatility around the price.
Luckily, the stop loss would have been below the pattern.
The indicators were all showing bullish signs.
7>21>200
RSI>50
Target struck at R21.34
ABOUT THE COMPANY
Life Healthcare Group Holdings Limited was founded in 1983 and is headquartered in Johannesburg, South Africa.
Life...
W Formation since Sep 2022. It's been moving in a sideways range without any promising direction.
Then in February we had a breakaway gap.
This is where the price jumped from the sideways range into an uptrend.
And most sellers and stop losses were hit.
This showed strong upside to come.
7>21>200
RSI>50
Target R21.39
WARNING
Gaps like to close 70% of the...
Life Healthcare stock peaked way back in 2014 around 4400 and has endured one the longest bear trends on the JSE.
The hospital sector did not catch tailwinds in the post covid-19 crash everything rally.
The share did catch a bid between December 2020 to June 2021 rallying from 1500 to 2820, though i must add cautiously, this rally looks to have unfolded in three...
Price has regained the 50 day moving average and is one time framing up on the daily
Chart looks good while we hold above the 20 day moving average now (orange line)
JSE:LHC
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:LHC #Update on 17 Oct 2021 we posted a watchlist alert about this stock. Price went on to make a series of lower highs and lower lows eventually finding support at 2100 level, bounced higher and recently closed below EMA200 on the weekly chart. There is also normal bullish divergence and the IHS is still in play here. We are watching the stock for bullish PA.
LHC trading in the middle of the bigger range. It looks like it is forming a small bull flag.
If triggered a move then to resistance at R25 is possible.
Trade ideas are my own and not financial advice.
