Long QUB.ASX
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The market appears to be under heavy sell side pressure at present with Asian markets down almost 3% today, therefore, any buy side transactions carry added risk. To combat this, reduce position size and/or leg into the trade in two transactions at different entry points. QUB has been on my radar and I’ve been waiting for it to pull back into the $2.25 level.
Tomorrow when the ASX resumes trading, start checking QUB out for an initial buy at or near the open. Remember, ease up on the dollar allocation.
