NMC Health - One to watch

LSE:NMC   None
Buy NMC Health (NMC.L)

NMC Health plc is a private healthcare services provider in the United Arab Emirates. The Company operates through two segments: healthcare and distribution & services. The healthcare segment is engaged in providing professional medical services, comprising diagnostic services, in and outpatient clinics, provision of all types of research and medical services in the field of gynecology, obstetrics and human reproduction and retailing of pharmaceutical goods. It also includes the provision of management services in respect of a hospital.

Market Cap: £5.68Billion

NMC Health appears to be forming a bottom pattern on the daily chart . A break above resistance at 3016p is required to complete the pattern, which as this stage is still in the ‘one to watch’ category. The completion of an inverse head and shoulders bottom pattern targets a move to 4325p over the short to medium term. Investors with a more speculative nature could buy at current levels to improve the upside potential. The idea would be invalidated on a move below 2420p.

Stop: 2420p
Target 1: 3015p
Target 2: 3760p
Target 2: 4325p

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