Trade Netcare & Life Healthcare with Unum Capital.
To get started, email lester@unum.co.za
Bottom Line:
For ultra short term and short term traders, there are opportunities to generate cash flow.
NTC has given traders a 2nd opportunity, rebounding off the buy range.
LHC is rallying in accordance with the Tactical Trading Guide (Price Action Model).
Netcare (NTC) | Initially, the share rallied by 6% which was followed by a rollover back into the 2 to 4 week re-accumulation range. Note today's strong candle structure?
Life Healthcare (LHC) | I never published on this HOWEVER, the end of day price action model (Tactical Trading Guide) prepare and alerted our traders that the reward-to-risk had become attractive for a small buy/long position.
Previous Post: Trading Netcare: Running +6%
Rebound from yesterday's buy re-entry range and in line with model reading.
Previous Post (Tuesday, 04 February): Trading Netcare: Probability of a Rebound
Close to it's buy re-entry range / Model pointing to oversold & potential for a slowdown in bearish momentum, a base, then a rebound.
Lester Davids
Analyst: Unum Capital
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