Mirvac Group following 4 Relative Consecutive Up WeeksMirvac Group MGR has outperformed the All Ordinaries Index for 4 consecutive weeks (relative down week followed by 4 relative up weeks). This type of relative outperformance has consistently been a precursor to an upside move for MGR.
Since 2000, MGR has recorded 4 consecutive relative up weeks on
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−0.15 AUD
−805.00 M AUD
3.02 B AUD
3.93 B
About MIRVAC GROUP
Sector
Industry
CEO
Campbell Hanan
Website
Headquarters
Sydney
Founded
1972
ISIN
AU000000MGR9
FIGI
BBG000BK3JX1
Mirvac Group engages in real estate investment, development, third party capital management, and property asset management. It operates through the following segments: Investment, Funds, and Development. The Investment segment engages in directly owned assets, co-investment stakes in funds, and investments in joint ventures and associates alongside capital partners. The Funds segment includes both funds management and asset management operations. The Development segment deals with commercial and mixed-used and residential projects. The company was founded by Henry Pollack and Robert Hamilton in 1972 and is headquartered in Sydney, Australia.
MGR - Bullish Trade PlanMGR has bounced off from Support and the High Profile Volume Zone with High Volume, after breaking the Bearish Trendline, suggesting that the Bulls have now taken over and want to ride the price higher. MACD has also crossed with RSI coming out of the Oversold region. I belive that MGR has given a
MGR - Uptrend Confirmed. Next Buying opportunityBullish trend confirmation indications:
1. Downtrend line broken.
2. Impulsive price action at the break of the trendline with High Volume
3. After the impulsive break, price is pulling back.
4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % an
$MGR - MIRVAC GROUP (MGR:ASX) - Consistent performer$MGR - MIRVAC GROUP (MGR:ASX) - Consistent performer
Mirvac has been having a pretty good run recently. Now that the elections are over and less uncertainty it will be interesting to see if the run will continue. Buyers and demand heavily outweigh sellers and shares on offer in the trading queue b
Short MGRDue to oversea market over night the market is expected to open lower today, The ASX 200 is near the high of Res and the Vix is showing bullish movement to the upside as well. Next lets look at the financial sector (XFJ) and the Real estate sector (XRE), both are showing a bull shooting star on the
$MGR long trade set-upHeres my trade set-up $MGR Mirvac on the ASX based on price action reacting at support and I like the volatility. This is a mid to longer term investment as well as a swing trade. This could be a risky trade with more downside if it cracks support, we will see. Risk management is key. Not financial
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.