With Data Centers Back in Focus, MAQ Could Be Setting UpMacquarie Technology Group LimitedASX:MAQjason_rpprtMAQ continues to show a constructive technical setup after spending an extended period building a base between roughly $58 and $72 before breaking through major resistance around the $72 level. Since the breakout, price has successfully retested the old resistance zone as support, with buyers stepping in around the breakout area. The 50-day moving average is now rising underneath price, helping support the broader bullish structure. Bullish scenario: The $71–72 support zone continues to hold. Price clears and holds above the 0.50 Fibonacci level. Buyers push through the recent swing highs around $77–78. Momentum then targets the 0.618 retracement zone around $81–82, with the potential for a move back toward the previous highs and eventually the psychological $100 level. Bearish scenario: Price fails to reclaim the 0.50 Fibonacci level. Momentum stalls and falls back below the breakout zone. A decisive break below $71–72 would place the stock back inside the prior trading range and invalidate the breakout thesis. The technical picture remains constructive, with the breakout retest holding, rising moving averages and improving momentum indicators. However, the next test for MAQ is clear: bulls need to prove they can convert the current Fibonacci resistance zone into support before the next leg higher can develop. Good luck and happy trading 🍀