QBE 1.11% $17.31 qbe insurance group limited

is it a buy qbe down to bottom support 32

  1. 1,201 Posts.
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    qbe hit support of 32 and bounced back into the 32.20s, but is gradually being sold down back to low 32s

    given that there was a bounce off 32, id say that there is confidence in this support level.

    this may thus serve as a good entry point, as the stock range trades between 32-late 32s

    its a solid stock - one of the best blue-chips

    early 32s is a good entry for range trade up

    you can range trade it a couple of times a week between the32.30s/40s into the 32.60s/70s.

    now in early 32s

    thisll be the TEST for support of this $32-$33 trading range

    32 was hit momentarily though and bounced in a blink of the eye which is GOOD sign of strong support at 32

    good luck
 
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