Entry Trigger:
🔹 Buy stop @ AUD 22.71 — breakout above recent highs with volume confirmation.
Thesis:
QBE has built a multi-week consolidation just under the key resistance level of 22.70–22.75. A breakout above this zone could trigger a bullish continuation, supported by improving capital metrics, analyst upgrades (Jefferies Buy @ $24.30), and rotation into defensive financials.
Fundamentals Snapshot:
• ROE: 16.6%
• Dividend Yield: ~3.9%
• Strong capital adequacy (PCA 1.86x)
• Recently posted +27% net profit growth in FY24
Technical Setup:
• Resistance: 22.70 (breakout level)
• Volume spike potential if breached
• MACD SL: 21.06 (use as technical invalidation zone)
Risk Management:
• 🛑 Stop Loss: 21.10 (below MACD SL + recent pivot)
• 🎯 Target: 24.50–25.00
• 📊 R-Multiple: Approx 1:2.5 to 1:3 depending on entry fill
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
🔹 Buy stop @ AUD 22.71 — breakout above recent highs with volume confirmation.
Thesis:
QBE has built a multi-week consolidation just under the key resistance level of 22.70–22.75. A breakout above this zone could trigger a bullish continuation, supported by improving capital metrics, analyst upgrades (Jefferies Buy @ $24.30), and rotation into defensive financials.
Fundamentals Snapshot:
• ROE: 16.6%
• Dividend Yield: ~3.9%
• Strong capital adequacy (PCA 1.86x)
• Recently posted +27% net profit growth in FY24
Technical Setup:
• Resistance: 22.70 (breakout level)
• Volume spike potential if breached
• MACD SL: 21.06 (use as technical invalidation zone)
Risk Management:
• 🛑 Stop Loss: 21.10 (below MACD SL + recent pivot)
• 🎯 Target: 24.50–25.00
• 📊 R-Multiple: Approx 1:2.5 to 1:3 depending on entry fill
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.