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Netcare

Netcare ready to break above the Vuvuzela?Netcare has been in its downtrend since May 2023... It shortly dropped from R16.00 down to R13.68. And then, the price has been meandering in a downtrend below the 200MA since... As long as it stays in the Vuvuzela Formation, it will continue to go down. We need a strong breakout and for the price to close above the resistance of the pattern, before we put on our horns. Once we're in, the first target will be to the top of the downtrend level at R16.19. Until then, it's a waiting game.
JSE:NTCLong
by Timonrosso
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)
JSE:NTCLong
by moneymondays
$JSENTC completing a reverse Head & shoulders formationConsidering Netcare's price action holds up today and closes above the neckline level at 18.65, we are witnessing the completion of an inverse or reverse Head & Shoulders formation. Results released yesterday have been received well by the market, which should ease investors concerns for the time being. These patterns are reversal patterns that form at the end of an extended downtrend and confirm once prices breaks above the neckline. What i really like about this setup is the expansion of volume that we have seen from the advancement of the right shoulder and during the break above the neckline. This is crucial to confirm the validity of the formation. Should all go to plan, this pattern has a target of R22.34 Entry : buy the break above neckline @ 18.65 Stop loss: Close below right shoulder @ 16.71 Target: R22.34
JSE:NTCLong
by MarcoOlevano
2
$JSENTC Netcare 911, we have an emergency!This chart looks like an emergency that requires an urgent intervention! Perhaps the major volume seen today could be an indication of capitulation and i will be monitoring the price action in the days ahead to see if it is able to recover from these over extended levels. Should this level hold which is also coincidentally the bottom of the downward sloping channel, we could see a bounce take place to the R21.00 - R21.60 area. R21.60 is an area where the chart also has a small gap which might want to fill first before any further downside ensues.
JSE:NTCLong
by MarcoOlevano