JSE:NTC WHO IS NETCARE? Netcare Ltd. is an investment holding company which operates through a number of subsidiaries in the health care and health services industry in South Africa. The company has over 25 000 employees and holds the highest market share in regards to private health care in South Africa. THE SITUATION The public health care system in South...
- Price is breaking down from with an head and shoulders target of around R10.50 - Note the retest of neckline failed -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
One share that could possibly benefit from COVID-19. Inverted head and shoulders break with a neckline test. 2200 could become a target. Stick to stop losses in this market.
Going long here for the length of the previous buy toward that previous high.
JSE:NTC Made inverted head and shoulders last year that confirmed with target around 2230. Unfortunately for bulls it never pick up momentum and continue trading sideways. On Friday it opened around neckline that acted as support. It could be good long with SL close bellow neckline and target still around 2230/2250
If this share break back into the bull flag it will be a false break and could lead to more downside. Stick to stop losses.
- Price has consolidated above the 200ma - Breaking out on volume - TP & SL on chart - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:NTC
A break of this bull flag will open a 2240 target.
After a good run and neckline breakout this one consolidated for a while in a what looks like a bullish flag. That flag has now broke to the top. Adding to current holdings with a 2140-2150 target price
Netcare has been struggling but is now showing signs of strength. After a strong breakout of a reaccumulation range, with increasing volume, we have seen a correction on declining volume. The stock looks like it might go and test the 2400 level.
- After a decent move up, price is clearly finding resistance at the 200ma - Bulls attempted 3 times but have so far failed (although volume is low) - Will look to enter on any attempt to move up and target the retracement levels