MQG is trading with real strength right now and momentum focused traders would have this firmly on their radars

Chris Weston

Pepperstone

MQG is trading with real strength right now and momentum focused traders would have this firmly on their radars. The stock is trading three standard deviations from its 20-day moving average, while the 9-day RSI is at 80, which is the highest it has been since September 2013. There is the prospect the stock undergoes profit taking given the stretched nature of the price action, but the daily chart is a thing of beauty right now and pullbacks will be supported.


Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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