Bearish potential detected for MPLEntry conditions:
(i) lower share price for ASX:MPL along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $3.76.
Stop loss for the trade would be:
(i) above the resistance level from the open of 5th September (i.e.: below $3.91), or
(ii) above the resistance level from the open of 22nd August (i.e.: below $3.99), depending on risk tolerance.
MPL trade ideas
MPL.ASX_Bullish Breakout Trade_LongENTRY: 3.76
SL: 3.59
TP: 3.85
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout on 18 Aug 2022 and retraced to resistance-turned-support (3.61) before rebounding off today.
- Entry today based on breakout (from high on 11 Jan 2022) and >3% rebound off 10EMA with volume.
MPL @ 31 Aug 2021MPL
- First time doing a written analysis on MPL
- Over the last 6 years, the stock has been trading within 2.40-3.60 levels
- Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly
- Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last overhead resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout
MPL - Bullish Plan for MPLMPL may have finished its retracement and may be ready for an up move. As it has bounced off from my Buy Zone, coupled with High Volume, I think it is preparing to move up towards the previous Highs.
TP1 - $3.00
Stoploss - $2.60
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MPL - The next Pullback Could be a Buying OpportunityBullish Trend Indications:
The chart of MPL has developed well, indicating that the Bear trend has finished and after price hitting Resistance, it is trying to pull back. The downtrend line has been broken decisively with good Volume and has hit Resistance. It has also developed a Golden Cross.
We can clearly see that while price had been moving higher, OBV has been decreasing. This shows lack of upside Volume which indicates divergence and decreasing Volume.
We can also see a Bearish Divergent MACD Cross also indicating lack of Momentum, while price was moving higher which shows that it is ripe and ready to pull back.
I expect it to head lower into the Buy Zone of $2.60 - $2.80 range where I will be looking to buy after Bullish Price Action.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Medibank Private TD Sequential 9 on Daily and Weekly Chart $MPLMedibank Private testing March low at $2.45, after going ex-div last Wednesday.
This week using TD Sequential, we are seeing a 9 on the weekly and yesterday the daily is giving us a 9 us well.
Could this be the bottom for Medibank private?
Stop loss at $2.45.
Company Profile
Medibank Private Limited (MPL) core business is the underwriting and distribution of PHI policies through its two brands, Medibank and AHM. It offers Hospital Cover and Extras Cover to customers in Australia as well as health insurance to overseas visitors and students. It also participates in the broader healthcare industry through the provision of integrated healthcare services to Policyholders, government, corporate and other customers.
ASX: MPL - Medibank PrivateASX: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.