Balanced Portfolio
Date: 07/11/2024
*** GENERAL AVICE ONLY***
SELL QBE Insurance QBE
QBE was originally recommended as a BUY as part of an Insurance (Hedged) Pair on 30th August 2024 around the $15.80 level.
QBE has now rallied to near 52 week highs above the $18 level, helped by the rising bond yields. Analysts have also upgraded price targets for QBE. Technically QBE is near the top end of the range and above our original price target at $18. Thus we are recommending to take profits on this trade
Take Profit +16% profit
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.