Stock is making a rounding bottom that indicates accumulation & getting ready to break the next big resistance.
Daily closing above 183 can lead to 192 and 200 levels. Keep a stop loss below 174 in this trade. If a closing comes above 200 levels, then stock price can increase by 10-15 % very quickly because all previous gaps will be filled and weaker hands would...
Forever collecting this one. Long-term hold as it has always trended upwards.
They are one of the largest investors in renewable energy which has a chance to really take off in our current climate...no pun intended.
I tried to find some measured moves in MQG. the two lines marked "=" were the first two I found. I also over laid the same measure on two earlier ramps.
It does look like tat measured move could spell the end of the run of MQG for the time being?
I don't use fundamentals, but I would be keen to hear what could be driving this? Is money going to MQG from the...
Text me if you have any questions/comments for me.
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MQG
- Previous analysis was done on 23 Sep (red arrow) -> Suggested entry around $178 levels if believe the stock can create new all-time highs
- Since then, the stock tested the $182 resistance for 2 weeks before breaking out strongly
- The stock has also had a weak test of the short-term support and has...
Text me if you have any questions/comments for me.
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MQG
- First time doing a written analysis on MQG
- Stock has a history of uptrend that is punctuated with sideways movements
- Usually, a low volatility stock that doesn’t have strong pullbacks (less than 10%)
- Stock would fit traders/investors who have a longer time horizon (ie. A few months)
- Recent...
I'll use MQG as a hedge against my current long stonks position.
MQG has been highly re-active to the previous sell-off & since recovery.
I'll be buying PUTS (out of the money) upon confirmation
still bearish on MQG.
need more debt creation to make money.
people are saturated in debt.
.5% cash rate and home loans @ 2% are help
MQG stay high. intrinsic value of MQG is close
to $10
I think the financial sector has topped out for now and with a potential leg C in an ABC correction,
I could have 3 weeks of this price remaining under the sold portion @ 124 strike ( european)
10 ( 1000 shares) bear credit spread strikes -124 / +126 yields a tidy $780 before costs for 3 weeks time until 15 July.....
Pull back (lower trend line) in the next few days in the chance to increase holding. stop loss at $118-119. take profit in stages up to $127.
I'm a long term investor on this stock. I'm using this opportunity to slightly increase my holdings.
MQG has bounced nicely from the crash sell off.
i guess it could make new highs if RBA starts buying
shares. who knows coz its not a market economy anyway
MQG seems to be struggling to break out of the bear momentum established over the whole market.
The run from the low of $85 to the recent high of $102ish attempted to pierce the longer band of GMMAs, but has been rejected. This rejection occured just a little above the 0.382 fib retracement line. Note this is also the support found in December 2018 turning into...
Lack of momentum across the popular indicators + large bear engulfing candle, in my opinion lower lows to come lower bb sitting around $62 which aligns with long term support
