Just going over the daily chart for QBE,i can see a bullish triangle forming.Ever since the june Low the stock has been trending up within this triangle.On July 15 the stock retested its low from june at 20.59,yes it did pierce it by 6c but was a rejection,showing great support.Also note Qbe is one of a few stocks that have not revisted the march lows of 19.50.
This pattern will continue to form until a breakout of around 23.00,once out of the triangle i will be looking for an upside target of 24.83, and have no doubt it will get there.
I think i have mentioned this pattern before earlier in this thread,it has not let me down as of yet,but now it is becoming closer to the breakout,and a more defined pattern.
gunn
Just going over the daily chart for QBE,i can see a bullish...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.49 |
Change
-0.320(1.80%) |
Mkt cap ! $26.32B | |||
| Open | High | Low | Value | Volume |
| $17.73 | $17.74 | $17.49 | $20.57M | 1.170M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4916 | $17.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 6200 | 28 |
View Market Depth
| Last trade - 15.16pm 26/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |