ASX: MPL - Medibank Private
MPL closed above the 55MA for 2 consecutive days. CMF has been neutral for the past week - hints of accumulation - prices were moving sideways. Volume is rising and this is positive. We have a few hurdles to clear from between $3 up to $3.17. As TK has crossed below the cloud, this signifies a weak bullish sentiment, but it is a first step we need to take in the right direction. Next, we need the prices to cross the barrier to above the cloud in order to have a stronger change in trend direction and head towards the upper trendline eventually at $3.37. For a safer entry, a close above the cloud with confirmation and with a tight stop-loss at $2.94 will see less risks.
A price break below $2.85 will invalidate this view.
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Breakout of h&s bottom.New target $3.33
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Note
Still bullish.New outlook.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.