Netcare Ltd potential for short term recovery

Netcare Ltd potential for short term recovery

Netcare Ltd (NTC) is signaling potential for a short term recovery.

Yesterday we saw the price test it’s downward trend line resistance while the RSI gave an early signal, having broken resistance going back to March. At current levels or better (R15.73) I see an opportunity to take a buy/long, using a stop-loss of R14.95 and Take Profit Target of R16.90.

Live chart on Tradingview.com

To participate, please contact the Unum Trading Desk on 011 384 2920 or e-mail tradingdesk@unum.co.za to take advantage of any trading opportunities.

All the best,
Lester Davids
Unum Trading Desk Analyst

e-mail: clientservices@unum.co.za
Tel: 011 384 2920

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