QBE Breakout to $15After a long period of consolidation, QBE looks set to breakout of this range.
Measured target $15 ( 2020 highs)
QBE
QBE descending channel.QBE displaying a nicely defined downward trend channel. Usually actively traded stonks of large outstanding issue display these characteristics which is the case with QBE.
A have entry orders placed at $9.65, which will indicate a breakout from the descending channel with stop loss orders at $9.00. If the breakout does not eventuate we might see a continuation of the downward trend lines.
Go easy on me, I am still learning TA. If you have any comments or things I missed, pleased let me know.
QBE Insurance Group Limited - QBE - Trade IdeaA bit late entry level but breakout is confirmed. RR opportunity is decent for this long term trade
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