Macquarie Group (MQG) is looking vulnerable and we have dropped it from our model portfolio - we wrote about this yesterday in the Financial Review Smart...
Macquarie Group (MQG) is looking vulnerable and we have dropped it from our model portfolio - we wrote about this yesterday in the Financial Review Smart Investor. After looking fully valued, it has broken down from a rising wedge formation. This indicates that a top may now be in place for the stock. Other stocks that have topped out recently after forming a rising wedge include Suncorp and QBE. (VIEW LINK)
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
most popular
Equities
The Indian companies dominating emerging market returns
Sara Allen,
Livewire Markets
Equities
No rule of law in emerging markets
Sara Allen,
Livewire Markets