Qantas has finally broke down from the almost 2 months trendline.
My take on this trend are as follows:
1. As said by chino420, the selling volume was decreasing by the day - a good sign for those that long.
2. If $3.15 - $3.20 support don't hold in the coming days, we are in for a bigger retracement. Hopefully, Qantas buyback programme which start on the 8th Sept will help..
3. Again, $3.40 - $3.50 remain a crtical resistance to crack in the days ahead.
4. Next few day will definately provide a clearer picture on this trend ie, starting/continue of a downtrend or just a temporary retracement for bigger uptrend.
Cheers
Charting The Flightpath, page-39
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Last
$6.92 |
Change
0.080(1.17%) |
Mkt cap ! $10.82B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.97 | $6.88 | $50.32M | 7.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 253446 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 71835 | 9 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| QAN (ASX) Chart |