anyone holds?, page-2

my target still remains 4.04$

AMTRADE Group.

Qantas 6th October 2003.

Anyway, QAN is looking very positive for the next move
towards the yearly 50% of 4.04 at this stage. The 3-month
highs (3.51) will again be a resistance zone, but once a clean
break of this occurs, the next target is 4.04.

So where will I BUY it again for that move upwards?

Two areas I’ll have as an interest...

1.) Will be a break
of 3.51, it still leaves me with enough of a .50cent move
towards 4.04,

2.) A pullback to 3.33.

What I’m hoping for is that QAN can fail at the weekly
highs of 3.41 and then pullback into the 3-day lows, and/or
the monthly/weekly 50% level of 3.33.

At least this zone will provide a valid support zone
with the 3-day cycle as a BUY.

I don’t know whether that is going to happen but it
will something I’m hoping it can happen and then on
any further advancement add on a break of 3.41 and then
3.51, for a move to 4.04, exit.

+++++++++++++++++++++

NOTE: QAN SOLD OFF ON THE 8TH OCTOBER TO 3.33 AND HAS RALLIED SINCE

TARGET REMAINS 4.04 AND I HAVE FOLLOWED THE ABOVE SEQUENCES OF ADDING LONGS AS EACH NEW LEVEL HAS BROKEN ON THE UPSIDE.

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