$JSENTC - Netcare: 1130 Gives Way, Bear Not Over; What Now?
See link below for previous analysis.
Netcare recently broke below 1130 invalidating the outlook I had that a bottom was in at that level.
There's a minor adjustment in the wave count with wave 4 of (C) a flat pattern and wave 5, starting from 1738cps, looks to be taking the shape of an ending diagonal.
As to how much lower wave 5 can go is anyone's guess but I will be bearish until i see signs of a reversal.
Netcare recently broke below 1130 invalidating the outlook I had that a bottom was in at that level.
There's a minor adjustment in the wave count with wave 4 of (C) a flat pattern and wave 5, starting from 1738cps, looks to be taking the shape of an ending diagonal.
As to how much lower wave 5 can go is anyone's guess but I will be bearish until i see signs of a reversal.
