It looks MQG had been oversold from TA point of view even
before all these problems in Japan....it may take a while to rebound but the minute better news flows out of Japan..
these oversold stocks will rebound quickly....as usual.
I like to start building up positions in some of these stocks and MQG is one of them.
We can wait longer or deep our toes in the water to test the market....either right move or wrong move....sooner or later traders will take their positions.
I am willing to take a small position to test the market and take small risk....with every panic...it will only create opportunity.....and we are opportunistic in our nature....some people unfortunately got caught in the move down and refused to take a loss in the name of long term view and being an investors etc etc.
Nothing wrong or right here just a different strategy and mentality betweeen traders and investors.
Cheers,
downside targets, page-18
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Last
$224.91 |
Change
-1.640(0.72%) |
Mkt cap ! $85.72B | |||
| Open | High | Low | Value | Volume |
| $224.00 | $224.91 | $222.11 | $141.3M | 627.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24 | $224.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $225.00 | 23 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MQG (ASX) Chart |