MFC(MANULIFE FIN) Share , Canada NEO Market is in good supply zone
but its better to wait for confirmation candle
Entry:26.90
SL:27.54
TP:19.64
RR: 1:11
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I worked for both companies and I preferred Manulife. It is larger than SLF for a reason: it's just better.
The other main reason I would want short SLF is that it DENIED me service which is basically fraud (lawsuits coming, right Arvid Shamiri who can be reached at (416) 213-7450).
The other reason is because the ratio chart of MFC/SLF shows a clear uptrend...
The PEAD projected a Bullish outlook for $MFC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Hey my friends, MANULIFE FINANCIAL CORP is in an uptrend with stable buying volume and abortive sellers' attempt. Leaning on the TIMEFRAME M1 it shows us a panic with a low paid sales volume. There is a good chance of reaching the next higher point which is a major resistance on (MULTI TIMEFRAME D1 H4 and H1). And if buyers have an appetite for risk, adjust to a...
Given a buy 2 and buy 1 signal, we can buy this stock at support. If the chart breaks resistance, we can buy after confirmation. If we get a sell 1 or sell2 signal, we should also sell immediately to avoid losses.
Pure technical:
1. The stock reaches the bottom edge of Raising Parallel.
2. Based on the Fib Time Zone, it shall start a new trend.
3. Based on Fib Retracement, MFC has been trembling around 0.382 for weeks.
MANULIFE --- Gap to close upwards!! --- If all goes well a GAP need to close upwards --- if the trends ARE TO continue... up. for now.
JUST MY OPINION>
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal...
I am neutral bullish here. Has been a beast recently and approaching market structure of major resistance. Think it may consolidate here and bonce of trend line before breaking resistance. If it can bust throw, its smooth sailing up for a while on continued trend!
