QAN 1.50% $6.09 qantas airways limited

gone timeberrrrrr tax loss selling soon in qan, page-47

  1. 34,500 Posts.
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    re: qan away I've looked at the 10 year chart.

    Things I can tell you. A QAN bottom doesn't like like a constant downtrend as it does now.

    Its bottoms are characterized by a very large sudden drop then a recovery, and that hasn't happened yet. Maybe a profit warning will come out or something like that.

    Also, there is no point buying this stock till you get a 15/30 day moving average crossover in the positive. Its just completed its negative cross. So it'll have at least a 3-6 months of sideways movement if it doesn't go sideways at least. So either your a very long term investor or your out, since QAN isn't going anywhere but either down or range trade 3.10-3.37 for a while now...
 
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