MAN Group reached bottom

J

Jonas73

UK based hedge fund which lost more than 50% of its market cap since autumn 2011 after they have announced a dramatic outflow of AuM seems to have reached a bottom in january and is now on its way of recovery. Last week it broke out of its downward channel and some people even might see a cup handle pattern since early January. The superior downward trend line is currently slightly below £2 (upside potential of nearly 50%) - until then I don't see any serious limitation. Please let me know your comments!
 

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Well, that is a decision everyone needs to make him/herself. I bought the stock given the chart looks quite bullish too me and I still believe that there is some upside. But thats just my opinion.
 
Stock broke through 50d moving average (upwards). Short term consolidation should not damage uptrend as long as above 120p
 
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