"It makes me laugh that traders can make their buy/sell decisions for an insurance company on charting trends."
In the chart below i have highlighted some major trends over the last year. Red dots represent sell's, the green dots are buys.
Now, would you buy this stock on any of the red dots looking at this chart?
Technicals affect all companies wether they are insurance or not, its psychologically how humans work as a group. Traders see that Mar12 double top and the company is a sell, similarly, stock hits the top of an uptrend channel and its a sell, when it hits the bottom of that channel its a buy.
Of course, you could have always bought it back in Mar12 and held all this time for a 30% loss..
I would say...
It makes me laugh that anyone would ignore technical buy/sell signals regardless of wether or not they are insurance or not.
- Forums
- ASX - By Stock
- charts and trends
"It makes me laugh that traders can make their buy/sell...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QBE (ASX) to my watchlist
|
|||||
Last
$15.79 |
Change
-0.140(0.88%) |
Mkt cap ! $23.76B |
Open | High | Low | Value | Volume |
$15.83 | $15.92 | $15.78 | $23.63M | 1.492M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1984 | $15.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.80 | 14128 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 2977 | 15.790 |
28 | 9849 | 15.780 |
21 | 7547 | 15.770 |
11 | 6162 | 15.760 |
17 | 8249 | 15.750 |
Price($) | Vol. | No. |
---|---|---|
15.800 | 14037 | 23 |
15.810 | 10298 | 20 |
15.820 | 8917 | 14 |
15.830 | 4017 | 8 |
15.840 | 7916 | 10 |
Last trade - 14.32pm 27/08/2024 (20 minute delay) ? |
Featured News
QBE (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online