RAMSAY HEALTH CARE(RHC.ASX) IN-DEPTH.

Sound fundamentals with lack of growth in the near as well as intermediate terms and here is the monthly chart of RHC showing it clearly ever since.

 Reaction ( pullback) experienced between 2016 & 2018 did signal the change. How ? Please compare it to the prior reaction of 2015-2016 by looking at the magnitude of both. I have marked this on the chart as can be seen. The first pullback sets the boundaries of a congestion/flat correction/rangebound price action going forward. I have marked it on the chart.

Lets not forget the mean (dashed line in the centre). Mean, in my book is no mans land to get involved with it. A zone where at least some profits may be taken for a short or long trade.

If this chart is to go by RHC is expected to test the boundaries of the trading range over the months ahead and potentially be stuck in there for a considerable period.

In short, the periods of strong trending for RHC is a thing of the past until the pattern resolves itself.

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