This chart indicates a strong relation of MFG (generally applies to most bank stocks) with gov yield rates - 5 year Japanese bond in this case. Considering the chart pattern, there is still a possibility of testing a bottom for a couple of months, but the stock price should soon catch up with the yield rate. As the downside risk is limited, we may be seeing a...
ENTRY: 15.38 SL: 14.38 TP1: 16.02-16.65 TP2: 17.46 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS -ve - Weekly FFI -ve - Moving averages are aligned except 200EMA. - Breakout of downtrend since 20 Dec 2021 and small consolidation zone since 29 Jul 2022 with volume. - Possible change in trend on 20 Jul 2022 - Entry today based on breakout and >3% rebound off...
ENTRY: 11.61 SL: 12.61 TP: 9.55 - ADX>25 - Daily RS -ve - Daily FFI -ve - Weekly RS -ve - Weekly FFI -ve - Moving averages are aligned. - Breakdown on 6 Jun 2022 before retracing back to support-turn-resistance area. - Another breakdown and rebound off 10EMA on 4 Jul 2022. Downtrend still intact. - Entry based on today >3% rebound off 10EMA. Would like volume to...
MFG price target $28 , this is a long term investment. At the moment we like to see a further sell off due to the GAP BUYING $16.00's at 1.27 fib level and having stops around the $14.70's Watch out for the Earnings Report in FEB
I will wait to see how it develops, I think it's going to touch $22.50 range, may slip little bit further before it turns it's direction upwards. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
On the 20th of July 2021, billionaire investor Hamish Douglass said Bitcoin was worthless and will be going to zero. This is the relative performance of Bitcoin and his asset management company Magellan Financial Group since that day. Thanks for coming Hamish. How those Buffet 13F filings going for you champ?
MFG has managed to close above the Bearish Trendline (Wedge) with very high volume volume. The bounce is expected to continue towards its Resistance which should be the take profit zone now. There is Bullish Divergence on MACD suggesting that the Bearish Momentum has finished and the Bulls have taken control. My trade plan is given below: TP1 - 54.7 (Potential...
The buy order I placed last night was hit, with a nice surprise today when I opened the charts. This happened on others as well. Im anticipating a pullback on the US S&P so I might take my money and run with these given the volatility in the markets right now. Not financial advice.