Bank of Queensland (BOQ.ASX)

13 October 2017



Technical Summary: For most of the last 5 years the BOQ stock has been travelling sideways. Since July 2017 the stock has been in an uptrend, consistently trading above its 50-day moving average. The stock looks like it is going to try and consolidate here. For this reason investors should look to buy the stock as it hits new highs in the buyzone that is highlighted. Ideally we would like to see the stock hit the buyzone on the back of a fundamental catalyst with big buying volume. For those investors that do not want to wait for the technical signal we believe that it is buyable at this juncture. But we would reiterate that we would not be surprised by consolidation.

The BOQ chart looks strong at this juncture

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