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Medibank $MPL is it time to buy?

Long
MEDIBANK PRIVATE LIMITED (ASX:MPL)  
paper_value Updated   
ASX:MPL   MEDIBANK PRIVATE LIMITED
Trend Analysis MPL medibank ASX
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trendanalysis mpl medibank asx
$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
Comment:
I took a step back to look at the 1W chart and realised something is amiss.

This is my bearish take.

snapshot
Comment:
snapshot

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.
Comment:
This is also a valid count.

snapshot
Comment:
Bullish divergence
snapshot
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