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.
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Ran a quantitative model against QBE today to map the risk...
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Last
$16.79 |
Change
-0.180(1.06%) |
Mkt cap ! $25.22B |
Open | High | Low | Value | Volume |
$16.87 | $16.94 | $16.69 | $33.92M | 2.020M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2466 | $16.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.79 | 1874 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 29094 | 16.770 |
1 | 2113 | 16.760 |
4 | 12644 | 16.730 |
1 | 8139 | 16.710 |
4 | 14809 | 16.700 |
Price($) | Vol. | No. |
---|---|---|
16.820 | 1335 | 2 |
16.840 | 8139 | 1 |
16.860 | 27914 | 2 |
16.870 | 12494 | 3 |
16.880 | 10241 | 2 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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QBE (ASX) Chart |