BNB gone, Macquarie next?

[Garpal Gumnut]

Just an update on MQG.

The price rises but the volume falls.

Always a worry for technical analysts.

This may be a trend trade in its final throes.

It may fall over the next week and if on higher volume then perhaps get out although if it recovers on higher volume then it may survive.

Remember the volume here is on a $25 share as opposed to a "breaking $100 not so long ago"

Sell buy sell etc.

A chart.

gg

 

[beamstas]

Decreasing Volume on a series of very bullish up bars isn't always a bad thing

The fact that the close is high and the open is low means that there is alot of demand

The fact that there is lower volume means there are less sellers or very strong holders, which gives lower supply

Think about it... More demand.. Lower Supply.... Prices Rise

Not rocket science

Brad

 

[Garpal Gumnut]

Decreasing Volume on a series of very bullish up bars isn't always a bad thing

The fact that the close is high and the open is low means that there is alot of demand

The fact that there is lower volume means there are less sellers or very strong holders, which gives lower supply

Think about it... More demand.. Lower Supply.... Prices Rise

Not rocket science

Brad

A reasonable premise.

I take the opposite view. The total volume of money supporting this stock is low, very low, the big holders sold out some months ago, this support is composed of small operators imo.

Time will tell

gg

 

[beamstas]

A reasonable premise.

I take the opposite view. The total volume of money supporting this stock is low, very low, the big holders sold out some months ago, this support is composed of small operators imo.

Time will tell

gg

Yep,

The fact that it was a very impulsive move off that bottom with very high closes indicates to me that there are no real sellers. It could also mean, as you rightly said, there is no professional money getting involved. Weak holders will easily be shaken out with a move down, causing the price to collapse.

Macquarie has doubled in price in the last month. I can't see it going much further without a rest

At this stage i can't really call it either way
I'll stick with a move down, following the broader market

Brad

 

[Abcguy]

Correct me if I'm wrong please but using the Buffett approach (I've been studying him quite a bit lately), looking at the fundamentals and forgetting about all this technical bull****, wouldn't MQG have been a damn good buy at $15?

 

[nomore4s]

Correct me if I'm wrong please but using the Buffett approach (I've been studying him quite a bit lately), looking at the fundamentals and forgetting about all this technical bull****, wouldn't MQG have been a damn good buy at $15?

lol, history now shows it would have been a damn good buy at $15 no matter what "bull****" you used to buy.

Do the fundamentals say it is good value at $15?

There is also nothing saying it won't one day trade at $15.00 again, but it is looking unlikely in the short term at least.

 

[beamstas]

forgetting about all this technical bull****

So i take it you have enough money to buy Macquarie Bank then?

Brad

 

[Abcguy]

So i take it you have enough money to buy Macquarie Bank then?

Brad

If I don't like technical analysis why would that make you automatically think that I would have enough money to buy the whole of MQG?