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
Qantas has finally broke down from the almost 2 months...
-
- There are more pages in this discussion • 452 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.85 |
Change
-0.040(0.68%) |
Mkt cap ! $9.532B | |||
| Open | High | Low | Value | Volume |
| $5.84 | $5.91 | $5.84 | $38.05M | 6.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22710 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 26030 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |