Market conditions are indicating accumulation is current for MAQ
[BULLISH]: Macquarie Telecom (ASX:MAQ) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 291.4.
Macquarie Telecom
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Macquarie Telecom : Volume MACD oscillator (-36)
[BEARISH CROSSOVER]: Macquarie Telecom currently has negative Volume MACD of -36. This means the signal line is less than the Volume MACD line signalling a bearish movement.
Long positions for Macquarie Telecom should be set between $23.267 & $27.278
Macquarie Telecom current pivot point Camarilla is: $23.267. The current resistance levels are: (R1) $25.339: (R2) $27.278: (R3) $29.217: (R4) $35.034The current support levels are: (S1) $21.461: (S2) $19.522: (S3) $17.583: (S4) $11.767
William %R Overbought signal continues for Macquarie Telecom indicating downward price movement is likely
[BULLISH]: Macquarie Telecom is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
[Uptrend]: Recent trading for MAQ indicates ST trend is likely to continue
MAQ: SWMA Current Signal -> (1) 22 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH
Daily trading for MAQ indicated buyers are now in control
MAQ: Close versus price range Current Signal ->(1) 22 Jul: BULLISH (2) 19 Jul: BEARISH (3) 18 Jul: BEARISH
![Macquarie Telecom has moved above the R1 DeMark pivot point ($23.3) [Bullish]](http://tricklar.com/ArticleImages/ASX/MAQ/MAQ_64.png
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Macquarie Telecom has moved above the R1 DeMark pivot point ($23.3) [Bullish]
Macquarie Telecom has broken the first DeMark resistance point ($23.3000) [Bullish]. Look for a long limit order entry near this point. Exit price for MAQ should be set @$23.6 & Stoploss for Macquarie Telecom should be set at $23.2
Macquarie Telecom : 0.618 Fibonacci Retraction (17.04)
Macquarie Telecom : The current Fibonacci Retraction levels are: (23.61%) $22.54: (38.2%) $17.98: (50%) $17.51: (61.8%) $17.04The current support levels are: (78.6%) $16.37: (100%) $15.52: (138.2%) $14: (161.8%) $13.06: (261.8%) $9.08: (423.61%) $2.64
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A short term Hook Reversal has formed with Macquarie Telecom
[BULLISH]: A short term Hook Reversal has formed with Macquarie Telecom which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.7%.
Macquarie Telecom : ADX(38.12) has signalled a strong trend is current
[Trend]: ADX for MAQ has confirmed a strong trend is present. Macquarie Telecom has an ATR(14) of 0.499, a DX of 54.9 & an ADX(14) of 38.12
MAQ Basic Candle: Short White
MAQ: Basic Candlestick Recent Trading -> (1) 22 Jul: Short White Candle (2) 19 Jul: Short Black Candle (3) 18 Jul: White Candle
Macquarie Telecom : Supertrend (21.703) has confirmed an uptrend is present
[BULLISH]: Macquarie Telecom has a current Supertrend of 21.703. This has change 0.05 points from yesterday.
Recent trading highlights continued buying pressure is present for MAQ
[BULLISH]: Macquarie Telecom current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1765.
Weighted Moving Average(15) signal continues for Macquarie Telecom indicating upward price movement is likely
[BULLISH]: Macquarie Telecom currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 2.2%.
Macquarie Telecom : 1.618 Fibonacci Extension ($17.04)
Macquarie Telecom : The current Fibonacci Extension levels are: (23.61%) $22.54: (38.2%) $21.96: (50%) $21.49: (61.8%) $21.02The current support levels are: (78.6%) $20.35: (100%) $19.5: (138.2%) $17.98: (161.8%) $17.04: (261.8%) $13.06: (423.61%) $6.62
Volume is still below the short term EMA for MAQ [Bearish]
[BEARISH]: Macquarie Telecom currently has negative PVO -14.86%. The recent volume is losing momentum through a fall on the short term exponential moving average.
The EMA trend following signal is still current for Macquarie Telecom [Bullish]
[BULLISH]: Macquarie Telecom currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 2.2%.
Daily trading has increased the bull power to drive prices for Macquarie Telecom
[BULLISH]: Macquarie Telecom Elder Ray Index is signalling a Bullish movementERI is 1.226 indicating bull power. Prices are being driven above the consensus of value for MAQ during the last trading session [Buying Pressure]
![Macquarie Telecom was easily moved upward on low volume in recent trading [Bullish]](http://tricklar.com/ArticleImages/ASX/MAQ/MAQ_31.png
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Macquarie Telecom was easily moved upward on low volume in recent trading [Bullish]
MAQ: EOM Current Signal -> (1) 22 Jul: BULLISH EASY (2) 19 Jul: BULLISH EASY (3) 18 Jul: BULLISH EASY
Macquarie Telecom : 0.618 Fibonacci Fan ($18.4)
Macquarie Telecom : The current Fibonacci Fan levels are: (23.61%) $24.34: (38.2%) $19.42: (50%) $18.91: (61.8%) $18.4The current support levels are: (78.6%) $17.68: (100%) $16.76: (138.2%) $15.12: (161.8%) $14.1: (261.8%) $9.81: (423.61%) $2.85
The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 10603.5%
MAQ: Recent performance signals ->(1) 22 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH
Macquarie Telecom is being actively accumulated based on DVI
[BULLISH]: Macquarie Telecom (ASX:MAQ) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 27.
Price extreme has been signalled and is still active for Macquarie Telecom
MAQ: MFI Current Signal -> (1) 22 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH
Triangular Moving Average(15) signal continues for Macquarie Telecom indicating upward price movement is likely
[BULLISH]: Macquarie Telecom currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 2.2%.
[Low Stress]: Low drawdown associated with recent trading of MAQ
[BEARISH]: Macquarie Telecom UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.199.
![Envelope bands Overbought signal is still current for Macquarie Telecom [Bullish]](http://tricklar.com/ArticleImages/ASX/MAQ/MAQ_75.png
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Envelope bands Overbought signal is still current for Macquarie Telecom [Bullish]
[BULLISH]: Macquarie Telecom current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bullish trading conditions. Currently, the Upper Band is 22.491.
Macquarie Telecom : Look for a long limit order entry @$23.667
Macquarie Telecom has broken the first resistance point ($23.667) [Bullish]. Look for a long limit order entry near this point. Exit price for MAQ should be set @$23.667 & Stoploss for Macquarie Telecom should be set between $22.867 & $22.734
Negative VROC confirmation for Macquarie Telecom is a leading indicator for continued price fall
[BEARISH CROSSOVER]: Macquarie Telecom currently has negative rate of change of -89%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 2.2%.
Woodie pivot point for MAQ is bullish. Stoploss should be positioned @$22.9
Macquarie Telecom has broken the first Woodie resistance point ($23.7) [Bullish]. Look for a long limit order entry near this point. Exit price for MAQ should be set @$23.7 & Stoploss for Macquarie Telecom should be set at $22.9