International Healthway Corporation (IHC) Ltd Technical Analysis - Jan 2017

There is a falling wedge with target ~0.1. Price has broken the resistance line and back-testing it. Moreover, an island reversal is possible but looking at the current fundamental it is quite like the gap would be filled in a few years time only. Long term looks good but for short to mid term, nothing interesting.

International Healthway Corporation (IHC) Ltd Technical Analysis - Part 2

Just want to show the weekly chart that there seems to be a lot of accumulation in the yellow region within the consolidation triangle. Someone seems to be accumulating!

If there is no further extension to convening the AGM, it shall be held by 15 July 2016.

Related post: International Healthway Corporation (IHC) Ltd Technical Analysis

International Healthway Corporation (IHC) Ltd Technical Analysis

IHC seems to be consolidation in some sort of triangle. Measured move is around 0.118. There could be an island reversal once something positive pan out. This counter is really a long term hold if you have the patience. Once the hospitals are built and revenues start coming in, positive sentiment will be back.