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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Still bullish.New outlook.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.