Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. It is Japan's largest financial group and the world's second largest bank holding company holding around US$1.8 trillion in deposits as of March 2011.
Clean consolidation. Next leg up?
MUFG's price has been following a complex corrective pattern (WXY).
This correction was confined within a corrective channel.
An attempt to break out of this channel to the upside previously failed, indicating ongoing correction.
Recently, there has been a breakout above the upper channel line.
This breakout suggests that the WXY correction may have...
The PEAD projected a bearish outlook for NYSE:MUFG after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
The PEAD projected a Bearish outlook for $MUFG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $MUIFG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
The PEAD projected a Bearish outlook for $MUFG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
The PEAD projected a Bearish outlook for $MUFG after a Negative Under eaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
1D Heiken Ashi chart is printing smaller sized bars and wicks showing a possible trend reversal. I'm building a position here as there are several different TA elements happening across multiple timeframes.
Top level
1D: DCA into a position at 5.84
● 200EMA
● Fibonacci golden ratio 0.618
4H
Buy signal with price consolidating inbetween 0.50 and 0.618 Fib...
ES:
Mitsubishi UFJ Financial Group es el banco más grande de Japón en términos de capitalización de mercado y activos con una participación del 8,9% de todos los préstamos nacionales a junio de 2020. Es el grupo bancario no chino más grande a nivel mundial y tiene un balance ligeramente mayor que los de JPMorgan Chase y HSBC Holdings.
Mitsubishi como muchas otras...
Mitsubishi UFJ Financial Group was in 4th wave triangle, which was over. It is in now 5th wave down which is only confirmed when triangle will broken down. This 5th wave is the part of C wave major down in daily time frame as ABC correction down. The better odd for this set up is that it’s under-performer to Nikkei index.
Mitsubishi UFJ Financial Group is in Y wave down in Daily time frame, which is moving down in ABC down as shown in chart. Impulse A down and B correction was already over. Price is now moving down in C wave. Wave 2 is in progress.
As we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial...
