Full disclaimer - I've commenced building a long-term position lately and will continue to monitor for further opportunities.
I recall when the intelligent Investor released a broker note on MFG back in December 2021 with BUY < $45.. watched this stock since and it's astonishing to see what's happened.
I don't usually peruse monthly charts too often but this one piques the interest. I just can't help but feel that in 3-5 years time, you might be looking back at the one opportunity there was to accumulate <$9 - and it was in 2023.
Monthly:
.
Monthly RSI has been smashed down to oversold for the best part of 18 months.The weekly chart is also interesting - after the RSI went into way oversold in early 2022, it's been rising steadily since while the share price has continued to tumble - until only recently where a few things are starting to suggest a base may be forming including the very recent 50/200 cross on the weekly.
Weekly:
Daily:
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- At what point does one consider accumulating?
MFG
magellan financial group limited
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0.36%
!
$8.41

Full disclaimer - I've commenced building a long-term position...
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Last
$8.41 |
Change
-0.030(0.36%) |
Mkt cap ! $1.453B |
Open | High | Low | Value | Volume |
$8.38 | $8.46 | $8.34 | $4.327M | 514.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1191 | $8.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.42 | 1974 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1191 | 8.390 |
1 | 1646 | 8.380 |
1 | 1646 | 8.370 |
4 | 6916 | 8.360 |
2 | 3591 | 8.350 |
Price($) | Vol. | No. |
---|---|---|
8.420 | 1974 | 2 |
8.450 | 2146 | 2 |
8.460 | 7045 | 4 |
8.470 | 3956 | 3 |
8.480 | 1775 | 2 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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MFG (ASX) Chart |
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RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
SPONSORED BY The Market Online