MCY Mercury NZ ( MRP Mighty River Power)

[bull....]

heres some reading if you dont know what a bullish flag is

https://school.stockcharts.com/doku....t_continuation

[Snow Leopard]

I, after many years of experience, have distilled share price patterns down to three:
1/ The going up pattern;
2/ The going down pattern;
3/ The other pattern.

Each has three sub patterns for the volume:
A/ The going up pattern;
B/ The going down pattern;
C/ The other pattern.

Pattern 1A is your best friend.

[Snow Leopard]

I also hope to hold MCY until the Waikato runs dry.

[peat]

I also hope to hold MCY until the Waikato runs dry.

Auckland can help with that ;+)

[bull....]

I, after many years of experience, have distilled share price patterns down to three:
1/ The going up pattern;
2/ The going down pattern;
3/ The other pattern.

Each has three sub patterns for the volume:
A/ The going up pattern;
B/ The going down pattern;
C/ The other pattern.

Pattern 1A is your best friend.

but its knowing how far pattern 1a will go is the key

[Snow Leopard]

but its knowing how far pattern 1a will go is the key

That is a foolish statement.
You can never reliably predict the future and know how far it will go.
You can reach a point in time where you decide that it has ended.

Most TA predictions of the future trend distill down to it will continue to carry on as is, unless it doesn't.
Most TA commentaries of the past distill down to it was obvious that...

Anyway enough of this, is the Waikato still flowing?

[bull....]

That is a foolish statement.
You can never reliably predict the future and know how far it will go.
You can reach a point in time where you decide that it has ended.

Most TA predictions of the future trend distill down to it will continue to carry on as is, unless it doesn't.
Most TA commentaries of the past distill down to it was obvious that...

Anyway enough of this, is the Waikato still flowing?

river must be mcy was up 10c today ( or was it that ascending triangle lol )

[bull....]

bull flag still in play

[bull....]

Operating earnings, (EBITDAF) of $494 million were down $12 million on the prior year – a strong result given the 2020 financial year was the first full year without earnings from the Metrix smart metering business which was sold in FY2019.

stronger than there update a while ago suggested and increasing the dividend again.

lets see if the bullish flag gets a boost today from this strong report and guidance for next year of stable earnings and increasing dividends

bullish flag has targets over 5

[bull....]

I forgot to mention the fact they spent more on capex this last year ( reduced there profits this time) for future earnings bodes well. also low lake levels if reversed in the current year is also a positive. So there could be the chance of profit upgrades during the year.