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...
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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...
current price looks overvalued, it may down to 175 level. Mqg have the potential to go 246 in the long run
Text me if you have any questions/comments for me. ----- 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. ----- 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...
1. there is an exhaustion gap on the daily chart. (bearish) 2. fibonacci levels show a resistance level has been met. (2 week chart)
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
This post is purely for recording my self trading actions. Not an advice to anyone.
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
yeah. its game over for MQG. should have sold out @ the dead cat bounce. its heading lower ...
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