Estia Health Ltd – EHE:ASX – Trade Lineup

31 July 2020


ESTIA HEALTH LTD (EHE:ASX)

Technical Summary: ESTIA HEALTH is an aged care healthcare company that has provided services for nearly 50 years across Australia in New South Wales, Queensland, Victoria and South Australia. The Chart shows that the stock reversed from $2.60 to $0.905 in March. Since then it has recovered and is moving sideways from past couple of months creating a Parallel channel to trade in. The Support is at $1.33 and the resistance for the short term is at $1.64. The trading range is between $1.42 to $1.60. The chart also depicts the medium to long term resistance at $2.06. Once the stock breaks the resistance at $2.06 it should move towards the higher target of $3.10 in the longer run. There is a good short-term trade line
up here at $1.45 mark, and value investors can also consider this stock for the longer term.

Estia Health is an aged care healthcare company that has provided services for nearly 50 years across Australia in New South Wales, Queensland, Victoria and South Australia.

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