Technical Outlook – The weak price action over the past three months is now slowly heading back to the bullish foundations, which was viewed as a rejection in March 2020 from $0.40.
It is assessed (technically) that with the leading indicators Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) pattern are currently holding to a negative outlook, however, potentially, is expected to display a reversal soon.
A rejection from the suggested support area ($0.40) could see this share price head back to the May 2020 highs of $0.60. Reassess from there.
Company Overview – Japara Healthcare Limited (JHC) is providers and developers of residential aged care, with a growing national footprint.
We are dedicated to delivering a better standard of residential living for elderly Australians.
Japra has a team of over 5,600 nurses, carers and other support staff; we care for over 3,800 residents across 50 homes located throughout Eastern Australia.
It operates 180 independent living units and apartments across five retirement villages located adjacent to our care homes.