OK this is purely hyperthetical, I'm not trading it, and for all invested I hope you make a killing. Great post by regASX, and lets see how this goes verses widely followed and knowledgeable brokers, who's estimates all appear to be med term or longer?
If one of the support areas holds up I'd place the arrow upward and look for a $4 move, however it has broken down from the rising wedge (as suspected prior to downgrade) so lets go with the flow, and target $16 as unlikely as it seems, a turn date mid July, and a move back up to the downtrend line by late August? Return would be over 30% in only a couple of months, outperforming all broker's by a margin if it plays out? No idea if it will, just a thought.
QBE Price at posting:
$18.76 Sentiment: None Disclosure: Not Held
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