JSE:LHC Life Healthcare Continuing on its Downward Stride

Life Healthcare has been trading in a well defined downward stride. After a selling climax in April 2017 LHC formed a redistribution trading range (TR). This range tested the supply line of the stride and has now broken the TR and we have seen a backup (BU) to test the TR. After not being able to break back into the TR we can expect the markdown to continue.