QBE Insurance Group Limited (QBE.ASX)

13 December 2018

Technical Summary: QBE on the 5 year chart looks like it works best from a mean reversion perspective. This was despite the stock potentially setting up for a break out back in September. We commented on this setup in September as one to watch out for. The breakout occured. However the stock quickly met selling resistance, returned to its base and then it did really break, but unfortunately for holders it was to the downside. This bought the stock back to an area where it has regularly found support over the last five years. This might provide a buying opportunity from a mean reversion perspective. Although at this stage it is unclear how it will unfold.

Is it a mean reversion opportunity for QBE after base failure?

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