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Mizuho Financial Group, Inc. Message Board

  • zk2013 zk2013 Jul 18, 2012 5:33 AM Flag

    MFG resistance at $3.40 to break

    MFG price tries to break up thru the $3.40 resistance level since 2011march, when the price broke down on the cunami panic.

    This R(esistance) price was tested and repelled 3 times, in july11, march12, and jun12. Usually at the 4th test the R line breaks.

    After the jun12 test the correction moves sideways, not down, and found support at $3.20 level. Starting from here, we have a good chance to break the resistance.

    In case this happens, the next MFG target price is $4.40-$4.50. Its time to buy a position.

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3.93-0.04(-1.01%)Oct 9 4:01 PMEDT