Bottom line: Among other metrics, the pairs looks stretched to the downside and the performance gap has widened. A bounce looks possible from around these levels. Current Level: 0.3237 Stop: 0.3115 Target: 0.3500
LHC pulling back to support in the form of a flag. If a reversal takes place around support and the flag gets triggered a move back to resistance at R25 can be possible. Trade ideas are my own and not financial advice.
Pennant technical pattern building up, which if broken may take price to 30 and above.
Possible IHS setup here in LHC. The IHS looks more prominent on monthly chart. Watching this closely
We have a beautiful and wide ascending triangle pattern on the stock. The stock continuously makes higher lows. The R25.80 level has been wall above. Market has been trying to pierce this level but it stood strong. If the stock finally closes through R24.82 I will raise my stop loss to R23.90 and add to my position.
We have a beautiful and wide ascending triangle pattern on the stock. The stock continuously makes higher lows. The R25.80 level has been wall above. Market has been trying to pierce this level but it stood strong. If the stock finally closes through R24.82 I will raise my stop loss to R23.90 and add to my position.
Previously I called a long on LHC at 1977c (13 May idea attached), citing the relative strength vs the broader market. The name traded above 2800c less than a month later, driven by the Biogen/Alzheimer's news. Comparing the current price structure to Biogen in the US, I note Biogen having previously developed a bearish flag formation which was a precursor to...
Nice Cup and Handle building up on Life Health care. Now its just waiting for a the 2450c neckline
LHC formed a small ascending triangle pattern which triggered with the close above R23,50 to target the R25,50 - R26 area. Ideas are my own and not financial advice.
LHC looking quite strong in the face of a broad-based sell-off. Share trading at multi-month highs, having developed a rounding base formation. Also note the share on a relative basis versus the All-Share - breaking the downward trend line extending back to March 2020. Similar to offshore healthcare names (XLV ETF) which trades at a 3-month high vs the S&P 500...
Remains close to the upper range of the linear regression channel pattern (see the blue and red parallel trendlines). Retracted from overbought territory. Downside price momentum supports the bearish trend. Bearish trend applicable below 2114. Strong trend is applicable according to the ADX.
LHC have some significant resistance at R20. It closed above that level. If it can hold above that level we might see a move higher. Ideas are my own and not financial advice.
Life Healthcare has tested the overbought line. There is now a high volume rejection and the downtrend can be expected to continue. This is confirmed by negative divergence in the volume RSI and a downward trending relative strength to the Top40.
Life Health care seems to have found some significant support at that 1600 level. Traded below past couple of days but closed slightly above it. But if we take out and close below that 1556c low. I'm interested in shorting the share
Life healthcare is challenging a 6 year old bear channel on the news of the possible FDA approval of Biogen's Alzheimer's drug. Could be a significant for LCH's NeuraCeq Alzheimer tracer used for diagnosis. Share up strongly and very volatile today. I would wait for a break of the bear channel before entering the share. Anything before that would be pure speculation.
RSI and MACD suggest there may still be more movement downwards giving rise to a possible buy in close to the support level around 1585 once the RSI converges Buy in @ 1585 Stop Loss @ 1545 Target @ 1800