MEDIBANK PRIVATE LIMITED
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Medibank $MPL is it time to buy?

164
MPL Medibank is poised for a good run soon. It is currently trading at the bottom range of the overall uptrend channel.

Target: $3.45
SL: $ 2.87
Nota
I took a step back to look at the 1W chart and realised something is amiss.

This is my bearish take.

syot kilat
Nota
syot kilat

1W chart also fit the EW leading diagonal. The trend is still bullish. Let's ride it up until it turns bearish. It has yet to break under the trend line i drew previously, we should bounce soon to complete D, then down to E and then an impulse again.

Trade outlook is medium to long-term hold.
Nota
This is also a valid count.

syot kilat
Nota
Bullish divergence
syot kilat

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