I assume the majority of MFG investors are fundamentally minded like Hamish Douglas and MFG itself and their idol Warren Buffett.
I too am a fundamental investor at heart but try to utilise charts to my advantage for confirmation, visuals, and buy/sell timing.
MFG has tested new highs today and forming a perfect cup (and handle to come) since the last cap raise. Setting up for another explosive leg up to blow pass previous highs.
https://www.investopedia.com/terms/c/cupandhandle.asp
I am a long time fan of MFG... initially buying at $3 to $20, then sold at $26 when it got stuck there for a while. Recently back in in the $40’s and holding for good! Wished I never left in the first place, but now trying to make up for it!
MFG, along with CSL, MQG and RMD are long term holds in the ASX for me. Never to be sold again!!!
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