ASX stock Analysis MQG

ASX stock Analysis MQG

Time Frame : Daily Chart

Watching for Sell Entry Setup

MQG has recently fallen away from new all time highs up around the $160 level and sellers are set to hold a lower high. If price holds below 155.00 then we expect buyers that have been stacked up since March 2020, will want to lock away some gains therefore setting up the short opportunity. Watching now for price to test below 148.00 for a sell entry setup.

Stock : ASX stock MQG

Current Price : 151.63

Status : On watch for a move below 148.00