Magellan Financial Group Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Magellan Financial Group Stock Quote
- Double Formation
* 11.00 AUD | Area Of Value
* (Consolidation Argument)) | Subdivision 1
- Triple Formation
* No Trade)) At 5.00 AUD | Subdivis
Magellan Financial Group (ASX: MFG)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
MFG.ASX_Bullist Breakout Trade_LongENTRY: 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 o
MFG.ASX_Bearish Pullback Trade_ShortENTRY: 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.
-
Bullish Pivot Point Reversal where it matters.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
Dow Theory Medium Term Trend Change Confirmation.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 bear
Dow Theory medium term trend identification theory application.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 previo
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Displays a symbol's price movements over previous years to identify recurring trends.