MEI

Mediclinic International (MEI) | The name has under-performed since it's recent peak on 12 October however my ultra short term view is that it could be oversold and attempting to find a base as evidenced by the slowdown in downward momentum while the the lower wicks from 25 November onward suggest some (small) buying activity. I don't know if this is the exact short term bottom however here's a potential scenario: the price opens lower then regains Friday's low to develop a reversal candle. I'll be watching it closely so no buying levels as yet.

This chart forms part of a larger research note.