Mediclinic International Plc : Close to a key point
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1,001 | GBX 0 | GBX 956 | -100% |
Financial of the company are interesting especially for its growth perspectives. Important margins and cashflows are giving more arguments highlighting the positive elements of the company.
From a technical viewpoint, the trend is neutral in the short term. The security is trading between GBp 970 and GBp 1090. The latest downtrend pushed the security upon contact with important levels (in the long and mid-term). These supports, respectively at GBp 985 and GBp 970, could stop the bearish trend of these last days.
Investors should open a trade in the current area in order to benefit from a technical rebound. The GBp 1090 will be the first target and this strategy should be covered by a stop loss placed under the GBp 970 support as much as a breakdown of this level would invalidate it.