NTC RangeNTC broke support at R15. Currently trading in a range between R15 and R13. If the range breaks to the downside it will target R11.50 Shortby jhwolmaransUpdated 3
Netcare- Short ProcedureNetcare yet again failing to hold on to short term support and in fact, failing to hold onto any level really. Their results are late, which can't be good but I can't see how lock-down can be positive for them. I WILL short a bounce above 15.00. And I WILL bank it at 13.10. robp@unum.co.za. The chart is pretty much self explanatory Shortby RobbyP7
Netcare LTD - NTC 1WNot Financial Advice - Open to feedback good or bad Netcare - NTC Really sorry for the Ugly looking chart. Current Price R15.50 We can see clear bull div on the weekly. Price seems to holding above the monthly support (Blue line). Wont mind taking a spot position with a stop loss below R13.50. TP1 - R18.25 * TP 2 - R20.00 * Stop loss R13.50 Follow me on Twitter @MuazcoinLongby muazcoin5
LONG: NETCARE in South Africa (JSE)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 Africa is frail and deteriorating. Public hospitals are ineffective in regards to serving the country's growing population (1.8% growth per year), further more the quality of public health care causes much complaining in the public and is one of the core failings of the public health system. Citizens who can afford medical aid and medical insurance always prefer using private health care. In the last 3 years the uptake of medical insurance has grown as low cost medical insurers enter the market and make medical insurance more accessible for people to use and thus opt to use private health care. The demand for private health in the long term is set to rise. THE OPPORTUNITY In the private health care system there are mainly three big companies in South Africa, these are 1. Medi Clinic, Netcare and Life. Netcare is positioned to be the biggest beneficiary of the demand for private health care as the group has the most foot print and a variety of specialists in its group, further more the group recently acquired Akeso which is a mental health group of clinics. Mental health is set for a boom in South Africa as the stigma decreases and more medical insurers and medical aid recognize illnesses and serve them. The biggest risk to Netcare and health care companies in South Africa is NHI, a messy implementation of NHI could result in private health care providers suffering from state maladministration and the mass regulation of fees. SCENARIO PREDICTION Private health care and private mental health care demand will increases, Netcare will gain more customers and earnings will increase in most of their facilities. Management will handles the balance sheet well as they have done in the past and shareholders will be rewarded with an increase in dividends. The share price will increase from R20.78 to R38.00 in the next 4 years (by 2024)Longby moneymondaysUpdated 7
NETCARE - Weekly HS with retest failure- 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. Shortby Trader-Dan227
$JSENTC Netcare. Holding it's own in a very volatile marketOne 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.Longby KoosKanmar5
NETCARE LIMITEDGoing long here for the length of the previous buy toward that previous high.Longby TheGreatestMarketAnalyst5
$JSE-NTCJSE: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 2230/2250by ALSITRADER7
$JSENTC Netcare Challenging bull flag breakoutIf this share break back into the bull flag it will be a false break and could lead to more downside. Stick to stop losses.Longby KoosKanmar8
JSENTC - NETCARE - 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 Longby Trader-Dan11
$JSENTC Netcare. Bull flag in the making. A break of this bull flag will open a 2240 target.Longby KoosKanmar119
$JSENTC Netcare Possible flag breakoutAfter 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 priceLongby KoosKanmar7
JSE:NTC Netcare Showing StrengthNetcare 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.Longby SteynTrade5
NETCARE - Resistance - 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 Shortby Trader-Dan11