Life Healthcare - Also Strong On A Relative Basis
LHC looking quite strong in the face of a broad-based sell-off. Share trading at multi-month highs, having developed a rounding base formation. Also note the share on a relative basis versus the All-Share - breaking the downward trend line extending back to March 2020.
Similar to offshore healthcare names (XLV ETF) which trades at a 3-month high vs the S&P 500 (SPY), it may be another place to hide as risk assets sell off.
Similar to offshore healthcare names (XLV ETF) which trades at a 3-month high vs the S&P 500 (SPY), it may be another place to hide as risk assets sell off.
Trade wurde manuell geschlossen:
JSE:LHC - for short term traders, I suggest closing this idea - now 15% higher to 2277c.
