MQG has comfortably bounced back to the $180 resistance area and we while wouldn’t advocate buying here from a risk / reward perspective a break higher feels like it could hit $200 in the blink of an eye, over 10% higher.
- We feel this financial powerhouse is slowly building momentum into its result next quarter and attractive dividend in November.
- MQG has the envious track record of under-promising and overdelivering i.e. not a stock to be short into its report.
MM is bullish MQG medium-term targeting a break of this year’s high
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