Trade Idea: QBE.AX – Breakout Swing Setup

81
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.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.