Long on MQG since $42. As I said earlier MQG need to get through $46. SO needs to hold this arvo. Guessing it will be close seeing as the volume traded so far is rather low, in addition to yesterdays low volume. However US futures are up, so could go either way. My guess 20cents either side of $46.
Next hurdle is $48. If we can get a leg up in the US financials overnight then MQG should get through this. Once the psychological $50 mark is breached then it is on for young and old. With $56 the next target. If this is breached then it is on target for a big run as the long termers come out of the woodwork thinking that the sub prime mess is over. $60+ before if falters back to $50.
Over all the market is picking up so I am optimistic on a short term shoot with a target of $60-62 in the next 15-20 trading days.
missed boat, page-7
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Last
$223.20 |
Change
-8.310(3.59%) |
Mkt cap ! $85.07B | |||
| Open | High | Low | Value | Volume |
| $222.02 | $226.23 | $220.61 | $290.8M | 1.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 705 | $223.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $223.37 | 872 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MQG (ASX) Chart |