- Market: Australia (ASX)
- Post-Market Price: A$10.04
- Time Frame: Medium Term
- QBE is a general insurance and reinsurance company. Across their operations, it offers commercial, personal and specialty products and risk management solutions to it's customers.
- The group is listed on the Australian Securities Exchange (ASX) and headquartered in Sydney, employing more than 11,700 people in over 27 countries.
- QBE Insurance continues to trade within it's 14-month 'covid base' however we are starting to break the multi-month channel & regain the 200-day SMA. Can it catch up to it's US peers Metlife & AIG which have outperformed since early November?
- For medium term trend traders, the current trading levels offer a buying opportunity in anticipation of the commencement of a trend.
- We also note the upside gaps of A$12.17 and A$14.07.
- Trading Levels:
-Buy Between A$9.85 and $10.05
- Stop-loss: $9.28
- Target Range: A$11.90 to A$12.70, with potential to close both gaps over the medium to long term.
- To trade, contact the trading desk (We are not allowed to post it here so DM me for the trading desk contact details).
- Post-Market Price: A$10.04
- Time Frame: Medium Term
- QBE is a general insurance and reinsurance company. Across their operations, it offers commercial, personal and specialty products and risk management solutions to it's customers.
- The group is listed on the Australian Securities Exchange (ASX) and headquartered in Sydney, employing more than 11,700 people in over 27 countries.
- QBE Insurance continues to trade within it's 14-month 'covid base' however we are starting to break the multi-month channel & regain the 200-day SMA. Can it catch up to it's US peers Metlife & AIG which have outperformed since early November?
- For medium term trend traders, the current trading levels offer a buying opportunity in anticipation of the commencement of a trend.
- We also note the upside gaps of A$12.17 and A$14.07.
- Trading Levels:
-Buy Between A$9.85 and $10.05
- Stop-loss: $9.28
- Target Range: A$11.90 to A$12.70, with potential to close both gaps over the medium to long term.
- To trade, contact the trading desk (We are not allowed to post it here so DM me for the trading desk contact details).
