Ran a quantitative model against QBE today to map the risk present below price action for anyone, like me who is considering allocating into this name for a swing position in my portfolio.
Seems $9.35 is the line in the sand from a numbers perspective and this is solidified by the precision of the price hit in the $10-$10.25 area at the recent lows which corresponds exactly with two key support levels from a quantitative perspective. This suggests that the model is seeing what the numbers guys in some of the big funds are seeing which means there is a chance to trade with their flows if things go to plan.
Bullish from $9.35-$11.50 and will be scaling into that range on retests.
Target is $16.00 within 12 months.
quant map of risk for swing longs
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 (20min delay)
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Last
$17.22 |
Change
-0.115(0.66%) |
Mkt cap ! $25.96B | |||
| Open | High | Low | Value | Volume |
| $17.36 | $17.40 | $17.19 | $13.74M | 795.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1251 | $17.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.22 | 4252 | 12 |
View Market Depth
| Last trade - 12.32pm 06/05/2024 (20 minute delay) ? |
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Last
$17.24 |
Change
-0.115 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $17.37 | $17.40 | $17.19 | 212659 | ||
| Last updated 12.51pm 06/05/2024 ? | |||||
| QBE (ASX) Chart |