Concord medical service inc.

Company Overview

Concord Medical Services Holdings Ltd operates radiotherapy and diagnostic imaging centers in China. The company operates cooperative centers across several provinces and administrative regions in China. Its network includes radiotherapy centers and diagnostic imaging centers and centers providing other treatment and diagnostic services, such as electroencephalography for the diagnosis of epilepsy, thermotherapy to increase the efficacy of and for pain relief after radiotherapy and chemotherapy, high intensity focused ultrasound therapy for the treatment of cancer, stereotactic radiofrequency ablation for the treatment of Parkinson's Disease and refraction and tonometry for the diagnosis of ophthalmic conditions.

Is CCM a good pick?

As it was mentioned in the first part of the article CCM It´s a company at health sector, this line of hospitals on China are focused in the treatment of cancer, and that it a high value point, for them the innovation it's a part import for the business in fact this year it was open a new speciality cancer hospital in Guangzhou also the past month it was announce a project to implement 5G technology for created a complex system which could give a new different variety of solutions in differents areas in medical area.

Technical Analysis.

As everyone can see at the chart CCM in March started a downward trend and July the price took the 25 week low, since July to the present moment the share price has remained constant between $3.17 and $2.51 in a lateral movement. the RSI indicator is in neutral position but it has been erratic and it can't stay in a territory for a considerable time but Fibonacci ratio shows us it can get 20% of its price back and return into $3.51 which is the first resistance in Fibonacci for the next to months and MACD could give us the signal to open a position.