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...

Michael Gable

Fairmont Equities

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
Managing Director
Fairmont Equities

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...

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