Redbacka(@redbacka) presented a possible Top 10 stock_list over the weekend on the XJO thread that were out_performing the XAO/XJO and would 'recommend' buying IF YOU WERE BULLISH and if you were indeed a buyer in our market ATM.
QANTAS was on that list. Now there is NO DOUBT than she has been going 'gang_busters' for sometime now BUT I just wonder if it is about to take a "breather". If the identified possible chart pattern(WOLFE), and supporting momentum indicators(3 x CCI's), are correct then the upside is very limited from here. Maybe "pre_empting" a lot(because we have not only yet to 'anchor' pt.5 of the pattern but also need confirmation of failure) but there is sufficient warnings to say at the very least "Don't consider BUYING at these levels".... well, in the opinion of this Chartist anyway.
I wait for further clarification....
QAN ...Chart
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Last
$6.21 |
Change
-0.010(0.16%) |
Mkt cap ! $10.11B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.27 | $6.18 | $23.05M | 3.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16518 | $6.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 1478 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |