QBE Insurance Group Ltd (QBE.ASX)

1 September 2017



Technical Summary: The chart above is a 1 year chart. Each bar on the char refers to a day. The moving average on the chart is a 50 day moving average. The stock is currently trading below the moving average after a poor earnings update. Over the short term the technical picture is bearish. QBE has an interesting chart. The price action appears to be cyclical over the long term. Therefore the best place to start is the longer term 5 year chart (shown right). You can see that the stock has largely traded sideways for the last 5 years with large and volatile moves. If this pattern continues then it is the perfect situation for those traders and investors who like to buy stocks on a pullback within a trading range. We have highlighted on the chart above the areas where we believe offer a low risk buying point for the stock. This correlates with areas of potential support and resistance. We would recommend that once the stock is in a buy zone that the stock exhibits signs of strength before an investor considers a position. We have also highlighted on the chart potential areas where investors may consider taking profits or cutting losses.

The stock is currently trading below the moving average after a poor earnings update. Over the short term the technical picture is bearish. QBE has an interesting chart. The price action appears to be cyclical over the long term. Therefore the best p

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