AsimMirzaTrader

MEZ - Bullish Trade Plan

Long
ASX:MEZ   MERIDIAN ENERGY LIMITED
MEZ looks good and ripe for a move higher because of the two consecutive breaks of the Bearish Trendlines with High Volume and has bounced off its strong support of $4.60 level. MACD has got bullish too and maybe we shall see the upswing continue to go higher. My target for this trade would be $6.00 level which could be a potential 18% gain.

TP - $6. 00 (Potential Gain 18%)
Stoploss - $4.50

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.