MCG macquarie communications infrastructure group

re: re:woof woof I never buy on fundamentals only technicals. I...

  1. 48 Posts.
    re: re:woof woof I never buy on fundamentals only technicals. I keep an eye on this stock along with about 50 others. I owned this when it was around 3.75 and got out on a stop at 6.22. I would not buy this until it has a sustained breakout above 5.75
    I don't see this breakout for a while, not with the big rebound happening in the market after yesterday and this stock...well, its action is more than just disappointing.
    my advice, sell if it breaks 5.50.
    Short if it breaks 5.35
 
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