ASX: MPL - Medibank Private

Jul 3, 2018

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.

Jul 19, 2018

Note

Breakout of h&s bottom.

New target $3.33

Jul 19, 2018

Note

Jul 24, 2018

Note

Still bullish.

New outlook.