Meridian Energy Limited

MEL 24/12/20

245
Overall upwards trend on 3 month, aswell as 4hr candles. Buyers seem to have momentum pushing up to $7.20. Expecting a pullback as RSI crosses 70 maybe to around $6.875 - $6.70 and then should continue upwards trend to break resistance and establish itself again. There is no RSI + Divergence (White trend lines) so don't think there will be reverse in trend.

Just keep an eye out.

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