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Mizuho Financial Group, Inc. Message Board

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  • jpomper jpomper Sep 3, 2012 5:33 AM Flag

    MFG resistance at $3.40 to break

    MFG hit $3.41 on 8/7, and corrected mostly in sideways fashion, for 4 weeks now, to $3.20.
    The techical picture to break thru is getting better at each attempt.

    If the markets swing up again in the first weeks of september, we will break out next time.

    The target after breakout is calculated from the bottom ($2.5) to neckline $3.4,
    and comes to $3.4+$0.9=$4.30 level.

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    • YES!
      Yes, the break thru the $3.41 Resistance line is completed today.

      From now on, MFG should have a clear sailing upwards,
      to a minimum $4.30 level, where the next resistance line is.
      This is a sure 26% upward potential, with very little risk, in 2-4 months.
      Back up the truck, load your portfolio with MFG shares, and check it every week.
      You will be rewarded.

      The 3 years potential is $12-$15/share (cca. 1000 yen).

      • 1 Reply to zk2013
      • After the FED and ECB easing, probably the BOJ will do something similar on Thursday.
        Yes, do not expect nothing decisive strong, just another small step, the usual japanese-style half-measure, they always did in the last 22 years.

        Still, I expect BOJ to initiate some easing, a couple of trillion yen size, just enough to help the banks to keep give loans to the industry to prevent any spectacular breakdown in the face of chinese riots in their factories in China.

        This should help bank stocks to keep climbing.
        Anything more would be a nice surprise.

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