A chart is preparation for today's research reports. For more research insights, including trade ideas, get in touch today. The share is down from my previous short/sell idea (published on this platform, see attached) at 1620-1635c to today's multi-month low of 1262c (-22%).
Thursday 07-Sep-2023, 17h39 Netcare Ltd (NTC, 1300c). The selling has been relentless and this may not be the exact bottom however today's candle (at the previous swing low) was enough for me to take note of a potential trading opportunity. The candle structure in question is a long lower tail, at support, within an oversold range. I'd like to see the share stop going down, then develop a base which can lead to a bullish reversal.
Thursday 07-Sep-2023, 17h39 Netcare Ltd (NTC, 1300c). The selling has been relentless and this may not be the exact bottom however today's candle (at the previous swing low) was enough for me to take note of a potential trading opportunity. The candle structure in question is a long lower tail, at support, within an oversold range. I'd like to see the share stop going down, then develop a base which can lead to a bullish reversal.
