ENTRY: 3.29 SL: 3.89 TP1: 2.60 TP2: 1.90 - ADX>25 - Daily RS -ve - Daily FFI +ve - Weekly RS -ve - Weekly FFI -ve - Moving averages are aligned. - Breakdown on 7 Jun 2022 and moved down followed by a pullback to near support-turn-resistance area (4.09) before moving down again. - Entry based on today >3% rebound off 10EMA with volume .
Hi all, Just keep an eye on TPW. See what price does around these levels. Price may stay inside the rectangle for a while. Thanks,
Bearish Trend Confirmation Indications: 1. The trend has got weak on the weekly and Monthly with Bearish Engulfing Candles and High Volume 2. The price has formed a lower Highs and a lower Lows on the Daily which is confirmation of a bearish trend 3. The down move was a powerful and impulsive wave I expect price to retrace on the upside, and I expect price to...
Meridian Energy (MEL, MEZ) vs. peers of CEN Contact, GEN Genesis, MCY Mercury, VCT Vector, TPW Trustpower, IFT Infratil; with market indicators of the NZ50, Australian XAO, NZD/AUD.