Guess that's the difference between pure chartists and pure fundamentalists.
The pure fundamentalists where buying heavily around $8 and below, whilst the chartists where waiting for a breakout to the upside.
But what to do now?
I personally think pure chartists work best on secular growth companies, not more cyclical companies like QBE.
Chart, page-19
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Last
$16.93 |
Change
0.135(0.80%) |
Mkt cap ! $25.48B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $23.51M | 1.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4268 | $16.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.93 | 6759 | 12 |
View Market Depth
| Last trade - 12.58pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |