Macquarie Group Limited (MQG:ASX)
Technical Summary: MQG chart shows that the stock has an entry support @ $116.17. Primary support should hold at $105.15. Relative Volatility Index shows that if the stock slides a bit lower it will become a BUY. The most recent candle shows that it is a Bearish Kicker and stock price can go down to touch $116.17 in the next couple of sessions, once there the stock would be oversold and clearly out of its uptrend zone. From that point on the stock could recover and move upwards to test the first resistance at $133.00 which is in the middle range of its uptrend zone. Once this is broken and after consolidation at $133 levels the stock can then test the next resistance at $142.62 in the medium term.