Equity Portfolio View - Mediclinic International Plc | While it may be clear that the R51-55 level has been a base over the last 2 of years, what interests us more is the RSI technical indicator which is starting to slowly trend up. Although only printing at the 41 level, it is at second highest level in nearly 3 years. Here, we like the fact that the RSI is at a higher level while the price is at the lowest level relative to the prior RSI swing peaks. We view this as long term bullish divergence. We also note the price breaching the downward trend from it's June 2016 - a positive development while the next pivot for further advance would be a monthly close above 6320c. Temporary failure below 5500c.
