Morning everyone,
Here's a bull fly on QBE I've gone long on and a follow my trade put my balls on the line trade.
The sym on this bugger is awesome, also has gr8 div on the RSI, I left the b/bands off so the chart looked clean BUT price action isolated inside the bottom band which suggests momentum to the downside is gone. Good targets on this short term and long term. I'm long with my CFD account.
This ticker also has a another fly that triggered and went well back in 2012. So if you zoom out on the weekly chart you will clearly see it went from 10 to 17 bucks so a good return and it suggests this pattern has a high prob of working on this one again.
Cheers
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