MANULIFE FINANCIAL CORPORATION - MFC
Monthly chart shows price below 8ema. While there is current support off the 34ema, the bulls just can't seem to take price much higher in the 4 to 5 months. There is no buy signal on this timeframe. 
Weekly chart shows the stock has been in a trading range/consolidation since the January 2008 low. We should break out of this consolidation and make new lows. A key target of interest is the 1:1 projection level at the $26.90 area.
Daily chart shows a 3 wave abc pattern into current resistance high of $40.37. Price is currently below all key moving averages. Eventually, we should break out of this trading range and make lower lows.
Sunday, June 08, 2008
MFC Analysis for 06.08.2008
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