Macquarie Breaks Out

Technicals | Feb 09 2021

By MichaelGable

The Australian market has managed to have a solid week and has stuck its head back above the January peak, which is a positive for now. Under the surface however, we haven't seen a broad-based rally, with the big miners still under-performing in the short term. Other large caps are failing to do much also, including Macquarie Group ((MQG)), which we have a chart of in today's report.


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