QBE 0.24% $16.33 qbe insurance group limited

Nasty resistance at $26.30 (old support,see back before it fell...

  1. 2,541 Posts.
    Nasty resistance at $26.30 (old support,see back before it fell off the perch). Looks as though it could hit $22.70 on this pullback based on the height of the trend channel that it has just fallen out of. If it can hold closes above $24.80 this would be bullish and give a target in the $29.60 area.

    The short position at $26.30 is probably the higher percentage/lower risk short term play with stop just above this level on a closing basis.
 
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Last trade - 12.25pm 08/08/2024 (20 minute delay) ?
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