Medibank 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...
ASX: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...
