Technical Analysis Challenger Limited ASX:CGF (Bullish)

Challenger Limited (ASX:CGF) are an investment management firm whose key vision is to assist their customers with the financial security necessary for them to have a comfortable retirement. Challenger achieves this through investing to create wealth in clients accumulation phase of superannuation, and then converting this wealth into reliable income streams. Challenger currently manages roughly $96 billion in assets.

(ASX:CGF)

  • Consistent rise returning from significant decline
  • MACD line trending above MACD (EMA) for a month, indicating not only buy signal but investor confidence also.
  • Consecutive 3 white soldier patterns indicating further buy signals.
  • Small bullish engulfing pattern also indicating a buy signal.

Chart Legend

Red – MACD

Blue – MACD (EMA)

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