What does Japara Healthcare Ltd do?
Japara Healthcare Ltd [ASX:JHC] is a residential aged care and retirement living provider. They own and operate 35 aged care facilities and four retirement complexes throughout Victoria, South Australia and NSW. They offer both low care and specialist Dementia and Alzheimer care.
The company announced full year results recently on August 24. The results were positive. Net profit after tax was $28.8 million and revenues were up 14.8 %.
That’s interesting, but what is the chart telling you?
What is the chart telling you?
I personally find it helpful to bring up a chart. Here’s the daily chart of JHC:
It’s hovering around all time new highs; it has to be of interest. Note how it has reacted to the positive news on August 24. It has since gone on and made a higher low on the daily chart. It is perhaps suggesting there may be further positive news to come for this company. Let’s wait and see.
If the stock should run further and make a significant break over the May high of $2.89, then it is strongly suggesting positive news is coming.
What now for JHC shares?
The market will tell you if JHC shares are a buy or not. Watch and see if it should make a significant break over prior highs. If that should eventuate, then it becomes a company you can do your study and analysis on.
Start to read the charts to guide your investment decisions. The chart will tell you in advance what to expect for this company, if you can read it properly. Go here to find out more.
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