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MQG – Macquarie Group Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:	Company Name:	Sector:	Size:	Confirmed Trend:
  MQG	  Macquarie Group Ltd	  Financials	  ASX Top 20

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Commentary:

Macquarie Group is in a confirmed up trend, most recently after making a Dow Theory entry at $50.00 on a weekly chart.  A signal the trend has changed would be a close below the previous trough, at $44.80.

MQG works well with Dow Theory, provided there is no trend line support or resistance in the way.  Using this method Macquarie Group has an amazing 81% win percentage and a 2.5 to 1 profit to loss, backtesting over 14 years.

Click the chart below to enlarge:

 

 

Previous Trend Changes:

Nil

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February 4, 2010  Tags: ASX, asx market watch, macquarie group, MQG, Research, stock market trend  Posted in: Research On Australian Stock Trends

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