Netcare Limited
Long

$JSENTC - Netcare: Speculative Buy Idea

53
See link below for previous analysis and bigger Elliott Wave structure.

Is a bottom in at 1101 cps? Time will tell.

Netcare stock has broken above the 12/26/50 EMA and this turnaround was preceded by strong MACD convergence.

There is nothing much in terms of volume or any change in fundamentals so this is a purely speculative buy based on MACD and EMA indicators.

A tight stop-loss should be used below 1101 cps.

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