Insurance is a long term business based on statistical events. No chart can predict random events. I do agree that buying the dips is usually a good plan based on the psychology of buyers. I even do it myself in a less rigerous way. I would also agree that it is easy to look back and see when it was good to buy. Producing a pretty chart makes it look VERY compelling - but most of those nice grenn points are ABOVE Friday's close.
Short term traders can make a profit by closely following the short term charts but needing to spend a lot of time on it - but I am a long termer (it helpd pay my DIY pension) who did not hold QBE until it collapsed a year or two ago when I bought in at an average of $12.78. I do know that in the long run statistics will rule and a well managed insurance company will pay good dividends as well as recover its share price.
Right now QBE is a buy!!
charts and trends, page-3
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Last
$16.88 |
Change
0.090(0.54%) |
Mkt cap ! $25.36B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.83 | $56.90M | 3.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12190 | $16.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.88 | 4009 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |