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Mediclinic International [JSE:MEI] - Trade Note

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Martin Harris
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Mediclinic International [JSE:MEI]

I was alerted to Mediclinic by a client, for the technical traders out there the company is looking oversold, this is confirmed by a low RSI.  The share has been under some serious pressure, and I am not confident of an oversized recovery – for that I am cautious on the profit levels.  Look to close out your position if the share falls below the R108.00 level and take profits above R115.18 (this is a new level of resistance)

 

  • Entry Level: <R11100
  • Stop Loss: <10800
  • Take Profit: >11515

 

 
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