Bullboard - Stock Discussion Forum Manulife Financial Corp T.MFC

Alternate Symbol(s): MFC | MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.F | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset... see more

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TSX:MFC - Post Discussion

Manulife Financial Corp > From Trading Central this morning

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Post by savyinvestor333 on Dec 06, 2024 9:08am

From Trading Central this morning

Manulife Financial Corp forms bullish "Pennant" chart pattern
Dec 05, 2024

Trading Central has detected a "Pennant (Bullish)" chart pattern formed on Manulife Financial Corp (MFC:TSX). This bullish signal indicates that the stock price may rise from the close of $45.69 to the range of $51.00 - $52.25. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price seems to be resuming a sharp rally after taking a brief pause.

A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.