Timonrosso

Life Health Care group showing strong upside to R21.39 WARNING

Long
JSE:LHC   LIFE HEALTHC GRP HLDGS LTD
W 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.


✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.