See link below for previous analysis and bigger Elliott Wave structure.
Is a bottom in at 1101 cps? Time will tell.
Netcare stock has broken above the 12/26/50 EMA and this turnaround was preceded by strong MACD convergence.
There is nothing much in terms of volume or any change in fundamentals so this is a purely speculative buy based on MACD and EMA indicators.
A tight stop-loss should be used below 1101 cps.
Is a bottom in at 1101 cps? Time will tell.
Netcare stock has broken above the 12/26/50 EMA and this turnaround was preceded by strong MACD convergence.
There is nothing much in terms of volume or any change in fundamentals so this is a purely speculative buy based on MACD and EMA indicators.
A tight stop-loss should be used below 1101 cps.
