Buy Idea for MQG (Macquarie Group Ltd)📈 Buy Idea – MQG.ASX
🔹 Entry: $210.49
🔹 Stop: $201.80 (Risk ~4.1%)
🔹 Target 1: $227.50
🔹 Target 2: $238+
🔹 R:R: ~1:3
Setup:
– Tight sideways consolidation near 50MA
– Strong volume support near $205 zone
– Bullish engulfing candle into breakout zone
– Sector strength: Financials stabilizing post RBA cut
– Clean technical base + upside momentum potential
Why It Works:
🔸 High-quality name with macro tailwind (lower rates = banking boost)
🔸 Tight risk with upside if it breaks out above $215
🔸 Good institutional interest & dividend tailwind
🚨 Trigger Alert: Add above $215 for momentum confirmation
🔔 Monitor closely for follow-through above resistance
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