Downloading...
Download

LHC

Life Health showing recovering finallyInv 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. Origins: Life Healthcare, formerly known as Afrox Healthcare, was established in 1983. It is one of the largest private hospital operators in South Africa. Healthcare Services: Life Healthcare Group operates hospitals, provides acute care, and offers chronic disease management, among other services. It is involved in the entire healthcare spectrum, from wellness to acute interventions to rehabilitation. Global Presence: Apart from South Africa, Life Healthcare has extended its services to other countries such as Poland (through Scanmed) and India (through Max Healthcare). Large Hospital Network: Life Healthcare operates 66 healthcare facilities, including hospitals and day clinics, across South Africa. Employment: Life Healthcare Group is a significant employer, with more than 18,000 employees, contributing substantially to the local economy. Public Trading: Life Healthcare has been listed on the Johannesburg Stock Exchange since 2010.
JSE:LHCLong
by Timonrosso
Life Health Care group showing strong upside to R21.39 WARNINGW 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 time. And I don't generally like taking any trades where there are prior gaps. I'd take this trade as a medium probability one.
JSE:LHCLong
by Timonrosso
Ascending Triangle Breakout - LHCJSE:LHC has just broken out of a ascending triangle that it has been forming since mid November last year. Because of this I have entered a long position. An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.
JSE:LHCLong
by RossLarter
Break-out and retest (BAT & LHC)A short technical note from our Unum Trading Desk analyst, Lester Davids. "On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share . A great recent example of a breakout and re-test was Life Healthcare (LHC) on the right hand chart." If you want to chat about these charts, or any local South Africa stocks, contact our Unum Trading Desk on tradingdesk@unum , call +27 (0)11 384 2920 or live chat with us on t.me
JSE:BATLong
by MarkWeetman