Below is a weekly chart of QBE Insurance Group Ltd (QBE).
SP continued its rally today since a breakout above resistance at $11.85 - $12.00 with conviction. Next area for resistance is the $12.75 - $12.90 region near the 61.8Fib retracement.
MACD recently formed a bullish up-cross during early-Q2 since with an expanding +ve histogram. Histogram is at its highest level (0.174) and rising since 1Q15. A bullish signal.
Stochastics has recently formed higher-lows since becoming oversold at the end of Q1. Stochastics %K is currently at 44.99 and rising which is also its highest level and rising since 1Q15 before a good rally ensued. These are all bullish signals.
IMO bullish over the next 6 - 12mths. DYOR.
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Below is a weekly chart of QBE Insurance Group Ltd (QBE). SP...
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