Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe in 2004 (20 years) AUM (Asset under management), FUM (Fund under management) has dropped significantly. However, interestingly the company has maintained profitable business model (recent Earning down to...
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
A bullish complex Pivot Point Reversal, where it matters again, most likely caught the short seller off guard forcing them to cover. This is the message from our charts at present. Bulls are now charging in the short term as the bear retreat takes place. Looking forward to $50 zone being tested over the weeks ahead. This analysis is for educational purposes only.
This post complements my earlier post made on 15/10 www.tradingview.com It shows the bar where a medium term trend has changed from down to up. It is a simple as drawing zig zag lines and noting the high and low points where CHANGE occurs. This change, in the case with MFG, alerts us that the bears have lost control to bulls in the medium term. Although the next...
If it is too technical for you, may move on. If you want to learn the correct application of Dow Theory medium term trend, study this chart religiously. I have marked/identified all relevant price points for you. I have become an active technical analyst of MFG as of last week. Why ? See my previous Point and Figure post on MFG as I have been stalking it for a...
This is historically a great fund and managed by some of the best minds in Aus imo, Has consistently beat the market and fees are ok at 0.5%. This looks to me like a once in a decade buying opportunity, I have bought in $33~ range.
Completed TOP(Top Pattern) in Blue Box and a down target calculation from it as shown on the chart may suggest a formation of a congestion/trading range at current levels and a halt/stop to the current down move. Congestions can either be an accumulation or distribution patterns. Interesting to see which(accumulation or distribution) forms over the months ahead...
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.
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...
$MFG - MAGELLAN - Performing well Magellan has been having a good run this year. Might be worth a look for those with more conservative portfolios. About Magellan Magellan Financial Group Limited is a fund management company. The Company's objective includes offering international investment funds to high net worth and retail investors in Australia and New...
$MFG #magellan finance Possible channel resis after record run
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.