QBE 1.11% $17.31 qbe insurance group limited

looks to me that technically (MAs/MACD) it was heading down to...

  1. 406 Posts.
    looks to me that technically (MAs/MACD) it was heading down to support around this area that it traded a for a bit after the massive fall in late feb until the 17th march. Support held well there (between 30.60ish that was hit a few times intraday but held and back to $31+)

    the AUD also at play, but commentators seem to think it has topped for now given that our rates on hold and US wont cut rates.

    Orlando, yes, the issue on 2/5 may have something to do with instos feeling like selling it down

    looks to have bounced for off 30.80s, and hopefully it can come back up above 31 and into 31.20-30 for the day.

    Either way, it looks like a lot of retail investors have picked up small qtys today by depth action and its one of the top buys on commsec.

    Technically it had to do this given recent price action, but itll turn round quicker than we think as its a very strong stock fundamentally, and theres been a recent substantial holder notive from barclays from memory as well.

 
watchlist Created with Sketch. Add QBE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.