MQG has often delivered favourable reports in the past and a simple 7% pop higher on Friday would see the stock trading at fresh all-time highs. In line with our “sell the pop” mantra for 2022 MM will be looking to fade such a move if it does unfold. ANZ has delivered a solid 1H22 result this morning which should help sector sentiment at least for 24-hours.
MM will consider taking profit on MQG around $220
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