Buying MQG stop at 225buying MQG stop at 225. price consolidated at peak for a while and looking to move up again. overall mkt strong and this share should look to break through new highs with mkt.
4M4 trade ideas
ASX - MQG: 21 JUNE, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
Details: The short-term outlook shows that wave (iii)-orange is unfolding to push higher, towards the immediate target at 205.45.
Invalidation point: 155.30
Macquarie group - positional longStock 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 have been exited earlier.
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MQG Buy Zone $148-164Forever 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.
MQG to the moon?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 other banks???
current price looks overvaluedcurrent price looks overvalued, it may down to 175 level.
Mqg have the potential to go 246 in the long run
MQG @ 4 NOV 2021Text 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 successfully rebounded
- If you have taken the recommendation, you would in profit of around 13% after 6 weeks -> the returns strengthen the previous analysis that the stock fits investors/traders with a more conservative risk appetite
- Currently, a good setup for entry has presented itself
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock can create new all-time highs
MQG @ 23 SEP 2021Text 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 test of the short-term support and subsequent rebound has provided a potential rebound entry
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of creating new all-time highs
topping signal is in for MQG1. there is an exhaustion gap on the daily chart. (bearish)
2. fibonacci levels show a resistance level has been met. (2 week chart)
Macquarie hedgeI'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
Trading Diary - August MQG trading strategyThis post is purely for recording my self trading actions. Not an advice to anyone.
MQG, fill the gap and collapsestill 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
bear call spread ( credit)
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.....
Next two weeks updatesPull 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.
dead cat bounce?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
if MQG breaks $90, its heading lower.yeah. its game over for MQG.
should have sold out @ the dead cat bounce.
its heading lower ...
MQG failing to break throughMQG 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 resistance.
Note also that OBV would appear to be downtrending with a LL formed to coincide with the test of the fib/GMMA/resistance point.
This idea would become invalid if price can exceed the 0.382 fib level and find support, in so doing breaking into the long GMMA band
MQG more bearish momentum to come 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
MQG and fibanacciFibonacci timezones + levels show
MQG buyers are reaching exhaustion point.
RBA got your back MQG?
Macquarie momentum studyJust a post for posterity to try out the awesome RSI Heatmap (and my RSI with RSIMA which is a more conventional much weaker visualisation of it.
RSI breaking RSIMA on the Daily chart, shown on the Heatmap as a flash of red on the shortest time frame RSI. RSI breaking its average is bearish, as would dragging that average down to breach the neutral 50 level.
In chart pattern terms we have an ascending triangle with price set to revisit support
If I were building signals out of the RSI Heatmap it would involve a shift from red to green at the lowest time frame radiating up in time scale...
MQG Short Opportunity at the .618MQG at fibonacci resistance. Uh Oh. Time for retracement down to support!
