$QBE - QBE INSURANCE - Recovering nicely

$QBE - QBE INSURANCE - Recovering nicely

New 52 week closing high shows good signs of continued recovery. On the lower 15 minute time scale I can see good support has formed above $12.50 - BUT - there is now a big gap between the bids and the asks which needs to close. There are more sellers than buyers in the queue so good chance that $12.50 support wont survive and a retrace may occur - which may give a better entry opportunity. One to sit out and watch for now.

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Looking at the buy side of market depth and some unusual bids I think this one is being manipulated upwards.