📈 Buy Idea – MQG.ASX
🔹 Entry: $210.49
🔹 Stop: $201.80 (Risk ~4.1%)
🔹 Target 1: $227.50
🔹 Target 2: $238+
🔹 R:R: ~1:3
Setup:
– Tight sideways consolidation near 50MA
– Strong volume support near $205 zone
– Bullish engulfing candle into breakout zone
– Sector strength: Financials stabilizing post RBA cut
– Clean technical base + upside momentum potential
Why It Works:
🔸 High-quality name with macro tailwind (lower rates = banking boost)
🔸 Tight risk with upside if it breaks out above $215
🔸 Good institutional interest & dividend tailwind
🚨 Trigger Alert: Add above $215 for momentum confirmation
🔔 Monitor closely for follow-through above resistance
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
🔹 Entry: $210.49
🔹 Stop: $201.80 (Risk ~4.1%)
🔹 Target 1: $227.50
🔹 Target 2: $238+
🔹 R:R: ~1:3
Setup:
– Tight sideways consolidation near 50MA
– Strong volume support near $205 zone
– Bullish engulfing candle into breakout zone
– Sector strength: Financials stabilizing post RBA cut
– Clean technical base + upside momentum potential
Why It Works:
🔸 High-quality name with macro tailwind (lower rates = banking boost)
🔸 Tight risk with upside if it breaks out above $215
🔸 Good institutional interest & dividend tailwind
🚨 Trigger Alert: Add above $215 for momentum confirmation
🔔 Monitor closely for follow-through above resistance
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.