Starting to see evidence now of the weeklt MACD histogram TEP flattening out which is hopefully signalling the start of an upward  trend for a while (+). Price is still ~7% below EMA (+). However, trend is downward so yes, I am playing a contrarian trade currently.

I'm risking a drop to ~600 given the position of the price within my channel (-). However given the RSI being oversold (-) and the MACD histogram divergence signal which I believe is strong I'm going to stick this one out. 

Weekly looks reasonably well oversold now (+). EMA is now trending down however (-). Worst case scenario is TEP heading south to 530 in my opinion. However ... 

Daily indicators look oversold. Price is at the bottom of my channel (+).  RSI is oversold but it has been for some time now I guess (+). MACD histogram is diverging with the price which is a strong indicator for the upside in my book. I may buy tomorrow if I can get a good price and hopefully nab a 5% run at least.

Stop losses are there for a reason I guess! although I was only just stopped out it's probably a good thing.

TEP is starting to edge back up thankfully. I don't suspect it will keep going for much longer though. Lets see if she can break through 700. MACD histogram doesn't have the same momentum to the downside, perhaps it's taking a little restbite?

The dailies look a bit more positive. It's just broken above the EMA but stalled a tad. MACD histogram is just breaking into positive territory which is promising. I''m hoping for a rise to 720 where I'll get back out again. Raised stop on my open trade to 679.