All direction bias aside, the risk reward favors buying over shorting. ~$20 is solid long term support and ~$30 seems to be the short to medium term technical target not to mention around about where a lot of the analysts are holding their valuations. At ~$24 that's 20% risk for 25% potential gain based on a stop loss and profit target at the respective support and resistance levels, not to mention the divvy.
Looks like a buy rather than a short to me.
mqg technically strong, page-3
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Last
$230.12 |
Change
0.540(0.24%) |
Mkt cap ! $87.70B | |||
| Open | High | Low | Value | Volume |
| $231.50 | $232.24 | $229.65 | $75.86M | 329.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 219 | $230.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $230.13 | 559 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| MQG (ASX) Chart |