While we were considering banks we felt MQG deserved another brief mention as it also rallies towards fresh all-time highs, now only 3% away – the “Millionaires Factory” is due to pay a $3.50 partly franked dividend in May. This is another Australian bank which MM can see rally ~10% from current levels, well above its previous all-time high suggesting the sector has more fuel in the tank.
MM is long and bullish MQG targeting +$220
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