JSE:NTC has been in a downward stride that started in March 2015. Following the Wyckoff theory we see a selling climax in March 2017 and accumulation that has taken place until March 2018 when there was a change in character with signs of strength and the downward stride has been broken. The stock has backed up to the accumulation range and I am waiting to see the break higher from the current levels which should be the start of the mark up in phase E.
Note
Seeing some rejection off the oversold line. Expecting Phase E to start soon.Note
After a backup to the Trading Range Netcare is reacting of the trend line and the Markup in Phase E could possibly be seen together with the rest of the markup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.