QBE|Emerging Buy
Trading Tactics
Wait for a higher low to form between 14.80 and 15.30 before opening longs. Placing stops under Thursday's reversal day low. The bounce target is around 16.20.
Rationale
Target achievement and wave count trade. Last month QBE broke out of a wedge pattern and has gone very close to achieving the 14.50 target. The combination of this target achievement and the five count down from 17.50 improves the odds for a bounce to 16.00/20. All that is required before opening longs is a higher low. Timing wise the bounce should start occurring in the next day or two.
source - fwtc.com.au
technical trading strategy
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 (20min delay)
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Last
$16.94 |
Change
0.120(0.71%) |
Mkt cap ! $25.45B | |||
| Open | High | Low | Value | Volume |
| $16.99 | $17.03 | $16.89 | $36.20M | 2.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13224 | $16.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.95 | 6278 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |