MCG macquarie communications infrastructure group

weekly chart of the week

  1. 2,541 Posts.
    Its a tad early, but I suspect the divi coming due later this month won't give you room for buying by Monday morning.

    An abandoned baby on the weekly of 30 May is being tested this week and has held. The intraday stop loss is $3.32. A nice tight trade for CFD's with some dividend stripping options available as well. Expect financials to rally in the US over the next week or so at least, with MCG to make large gains on any OS financials rally. Bullish divergences developed on the weekly RSI and developing on the weekly MACD. Might still be able to be picked up for $3.40 this arvo.
 
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Currently unlisted public company.

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