thecharttechnician

Bullish Pivot Point Reversal where it matters.

Long
ASX:MFG   MAGELLAN FINANCIAL GROUP LIMITED
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.
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