Life Health showing recovering finallyInv Head and Shoulders has been anticipated for months.
We were just waiting for the right shoulder to form, which it has done.
Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit.
Price >200
RSI>50
Target R23.78
ABOUT THE COMPANY
Life Healthcare Group is a South Africa-based healthcare provider.
Origins:
Life Healthcare, formerly known as Afrox Healthcare, was established in 1983. It is one of the largest private hospital operators in South Africa.
Healthcare Services:
Life Healthcare Group operates hospitals, provides acute care, and offers chronic disease management, among other services.
It is involved in the entire healthcare spectrum, from wellness to acute interventions to rehabilitation.
Global Presence:
Apart from South Africa, Life Healthcare has extended its services to other countries such as Poland (through Scanmed) and India (through Max Healthcare).
Large Hospital Network:
Life Healthcare operates 66 healthcare facilities, including hospitals and day clinics, across South Africa.
Employment:
Life Healthcare Group is a significant employer, with more than 18,000 employees, contributing substantially to the local economy.
Public Trading:
Life Healthcare has been listed on the Johannesburg Stock Exchange since 2010.
